Vanguard Group Inc. raised its position in Rudolph Technologies, Inc. (NYSE:RTEC) by 8.1% during the first quarter, Holdings Channel reports. The fund owned 1,582,835 shares of the scientific and technical instruments company’s stock after buying an additional 118,574 shares during the period. Vanguard Group Inc. owned about 0.05% of Rudolph Technologies worth $35,456,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Legato Capital Management LLC raised its stake in Rudolph Technologies by 2,140.0% in the first quarter. Legato Capital Management LLC now owns 34,742 shares of the scientific and technical instruments company’s stock worth $1,551,000 after buying an additional 33,191 shares in the last quarter. Swiss National Bank raised its stake in Rudolph Technologies by 6.4% in the first quarter. Swiss National Bank now owns 48,300 shares of the scientific and technical instruments company’s stock worth $1,082,000 after buying an additional 2,900 shares in the last quarter. Prudential Financial Inc. raised its stake in Rudolph Technologies by 0.9% in the first quarter. Prudential Financial Inc. now owns 52,650 shares of the scientific and technical instruments company’s stock worth $1,179,000 after buying an additional 480 shares in the last quarter. Nationwide Fund Advisors raised its stake in Rudolph Technologies by 18.5% in the first quarter. Nationwide Fund Advisors now owns 155,078 shares of the scientific and technical instruments company’s stock worth $3,474,000 after buying an additional 24,252 shares in the last quarter. Finally, Bogle Investment Management L P DE raised its stake in Rudolph Technologies by 11.6% in the first quarter. Bogle Investment Management L P DE now owns 148,606 shares of the scientific and technical instruments company’s stock worth $3,328,000 after buying an additional 15,451 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

Shares of Rudolph Technologies, Inc. (NYSE RTEC) traded down 0.112% during mid-day trading on Tuesday, hitting $22.325. 31,907 shares of the stock were exchanged. Rudolph Technologies, Inc. has a 12-month low of $16.80 and a 12-month high of $27.30. The company has a market capitalization of $704.13 million, a PE ratio of 22.528 and a beta of 1.08. The firm has a 50-day moving average price of $23.81 and a 200 day moving average price of $23.25.

Rudolph Technologies (NYSE:RTEC) last released its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The business had revenue of $67.40 million during the quarter, compared to analysts’ expectations of $65.60 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Rudolph Technologies, Inc. will post $1.17 earnings per share for the current year.

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A number of research analysts recently commented on RTEC shares. Dougherty & Co raised shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, April 19th. Credit Suisse Group downgraded shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research report on Tuesday, May 2nd. B. Riley reaffirmed a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research report on Tuesday, May 2nd. Stifel Nicolaus boosted their price objective on shares of Rudolph Technologies from $19.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Saturday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.20.

In other Rudolph Technologies news, VP Silveira Elvino M. Da sold 3,439 shares of Rudolph Technologies stock in a transaction on Friday, May 19th. The shares were sold at an average price of $24.71, for a total transaction of $84,977.69. Following the completion of the transaction, the vice president now directly owns 43,065 shares of the company’s stock, valued at $1,064,136.15. The transaction 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 Rudolph Technologies stock in a transaction on Friday, May 19th. The stock was sold at an average price of $24.33, for a total transaction of $243,300.00. Following the transaction, the director now directly owns 43,300 shares of the company’s stock, valued at $1,053,489. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

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.

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

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