Bank of New York Mellon Corp increased its position in Rudolph Technologies Inc (NYSE:RTEC) by 2.5% during the second quarter, HoldingsChannel reports. The firm owned 412,353 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,915 shares during the quarter. Bank of New York Mellon Corp’s holdings in Rudolph Technologies were worth $12,206,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its stake in Rudolph Technologies by 319.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,304 shares of the scientific and technical instruments company’s stock valued at $157,000 after acquiring an additional 4,038 shares during the period. Piedmont Investment Advisors LLC bought a new position in Rudolph Technologies during the 2nd quarter valued at about $219,000. Sei Investments Co. lifted its stake in Rudolph Technologies by 399.0% during the 2nd quarter. Sei Investments Co. now owns 7,565 shares of the scientific and technical instruments company’s stock valued at $224,000 after acquiring an additional 6,049 shares during the period. Jane Street Group LLC bought a new position in Rudolph Technologies during the 1st quarter valued at about $271,000. Finally, Pitcairn Co. bought a new position in Rudolph Technologies during the 2nd quarter valued at about $278,000. Institutional investors own 94.67% of the company’s stock.
Several equities analysts have issued reports on RTEC shares. ValuEngine upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Sidoti upgraded shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, September 10th. Finally, Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.
In other news, VP Richard B. Rogoff sold 3,768 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $27.70, for a total value of $104,373.60. Following the transaction, the vice president now owns 32,688 shares in the company, valued at approximately $905,457.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
Shares of NYSE:RTEC opened at $24.55 on Friday. Rudolph Technologies Inc has a twelve month low of $23.05 and a twelve month high of $34.55. The company has a market capitalization of $781.57 million, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Rudolph Technologies had a net margin of 16.71% and a return on equity of 14.01%. The firm had revenue of $77.48 million for the quarter, compared to analysts’ expectations of $77.80 million. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. research analysts expect that Rudolph Technologies Inc will post 1.63 earnings per share for the current fiscal year.
About Rudolph Technologies
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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