The Manufacturers Life Insurance Company grew its holdings in Rudolph Technologies, Inc. (NYSE:RTEC) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,202 shares of the scientific and technical instruments company’s stock after acquiring an additional 983 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Rudolph Technologies worth $554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in Rudolph Technologies by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock worth $141,000 after acquiring an additional 2,760 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Rudolph Technologies by 533.0% in the second quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock worth $177,000 after acquiring an additional 6,524 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Rudolph Technologies by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,387 shares of the scientific and technical instruments company’s stock worth $214,000 after acquiring an additional 1,408 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Rudolph Technologies by 29.9% in the second quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock worth $216,000 after acquiring an additional 2,170 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Rudolph Technologies in the second quarter worth about $229,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Shares of Rudolph Technologies, Inc. (NYSE:RTEC) opened at $26.40 on Thursday. Rudolph Technologies, Inc. has a twelve month low of $18.85 and a twelve month high of $28.10. The company has a market capitalization of $844.95, a PE ratio of 26.75, a P/E/G ratio of 1.89 and a beta of 1.08.

Rudolph Technologies (NYSE:RTEC) last released its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. The firm had revenue of $66.90 million during the quarter, compared to the consensus estimate of $66.25 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. research analysts predict that Rudolph Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

In related news, VP Silveira Elvino M. Da sold 10,000 shares of Rudolph Technologies stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total transaction of $262,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Alan Koch sold 3,500 shares of Rudolph Technologies stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.31, for a total value of $92,085.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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Several brokerages have weighed in on RTEC. B. Riley reissued a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday, August 8th. Zacks Investment Research downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $28.00.

Rudolph Technologies 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.

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

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