State of Alaska Department of Revenue increased its position in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 80.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,210 shares of the scientific and technical instruments company’s stock after buying an additional 2,760 shares during the period. State of Alaska Department of Revenue’s holdings in Rudolph Technologies were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of Rudolph Technologies by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,630,319 shares of the scientific and technical instruments company’s stock worth $58,919,000 after buying an additional 18,900 shares during the period. Vanguard Group Inc. raised its stake in shares of Rudolph Technologies by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,582,835 shares of the scientific and technical instruments company’s stock worth $35,456,000 after buying an additional 118,574 shares during the period. State Street Corp raised its stake in shares of Rudolph Technologies by 19.9% in the first quarter. State Street Corp now owns 883,658 shares of the scientific and technical instruments company’s stock worth $19,793,000 after buying an additional 146,647 shares during the period. Renaissance Technologies LLC raised its stake in shares of Rudolph Technologies by 109.1% in the first quarter. Renaissance Technologies LLC now owns 611,736 shares of the scientific and technical instruments company’s stock worth $13,703,000 after buying an additional 319,136 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Rudolph Technologies by 112.5% in the first quarter. AQR Capital Management LLC now owns 567,047 shares of the scientific and technical instruments company’s stock worth $12,702,000 after buying an additional 300,169 shares during the period. Institutional investors own 91.89% of the company’s stock.

Shares of Rudolph Technologies, Inc. (RTEC) traded down 2.25% during trading on Thursday, hitting $21.70. The stock had a trading volume of 127,578 shares. Rudolph Technologies, Inc. has a 1-year low of $16.80 and a 1-year high of $27.30. The firm has a market capitalization of $684.42 million, a P/E ratio of 21.90 and a beta of 1.08. The stock’s 50-day moving average price is $24.01 and its 200 day moving average price is $23.28.

Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The business had revenue of $67.40 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter in the prior year, the business posted $0.31 EPS. Rudolph Technologies’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Rudolph Technologies, Inc. will post $1.17 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “State of Alaska Department of Revenue Buys 2,760 Shares of Rudolph Technologies, Inc. (RTEC)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.watchlistnews.com/state-of-alaska-department-of-revenue-buys-2760-shares-of-rudolph-technologies-inc-rtec/1471142.html.

A number of analysts recently commented on RTEC shares. B. Riley reiterated a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday. Stifel Nicolaus upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Saturday, May 6th. Dougherty & Co raised Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, April 19th. Finally, BidaskClub raised Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Rudolph Technologies has an average rating of “Hold” and an average target price of $27.20.

In other news, VP Robert Alan Koch sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $24.55, for a total transaction of $98,200.00. Following the completion of the transaction, the vice president now owns 74,755 shares in the company, valued at $1,835,235.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Whitten sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $24.33, for a total value of $243,300.00. Following the transaction, the director now owns 43,300 shares of the company’s stock, valued at approximately $1,053,489. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,439 shares of company stock valued at $426,478. Company insiders own 2.00% of the company’s stock.

Rudolph Technologies Company Profile

Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.

Want to see what other hedge funds are holding RTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rudolph Technologies, Inc. (NYSE:RTEC).

Institutional Ownership by Quarter for Rudolph Technologies (NYSE:RTEC)

Receive News & Ratings for Rudolph Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.