Value Holdings Management CO. LLC Sells 75,200 Shares of Rudolph Technologies, Inc. (NYSE:RTEC)

Value Holdings Management CO. LLC reduced its position in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 39.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,355 shares of the scientific and technical instruments company’s stock after selling 75,200 shares during the period. Rudolph Technologies comprises approximately 1.1% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 22nd largest position. Value Holdings Management CO. LLC owned approximately 0.36% of Rudolph Technologies worth $2,613,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in shares of Rudolph Technologies by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the scientific and technical instruments company’s stock valued at $292,000 after buying an additional 100 shares during the period. Wellington Management Group LLP raised its position in shares of Rudolph Technologies by 0.5% in the first quarter. Wellington Management Group LLP now owns 27,097 shares of the scientific and technical instruments company’s stock valued at $607,000 after buying an additional 148 shares during the period. Dalton Greiner Hartman Maher & Co. raised its position in shares of Rudolph Technologies by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 82,374 shares of the scientific and technical instruments company’s stock valued at $1,845,000 after buying an additional 320 shares during the period. Capital One National Association raised its position in shares of Rudolph Technologies by 1.0% in the first quarter. Capital One National Association now owns 31,814 shares of the scientific and technical instruments company’s stock valued at $713,000 after buying an additional 320 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Rudolph Technologies by 2.5% in the first quarter. Arizona State Retirement System now owns 16,324 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 400 shares during the period. 91.96% of the stock is owned by institutional investors and hedge funds.

Shares of Rudolph Technologies, Inc. (NYSE:RTEC) traded up 0.70% during mid-day trading on Friday, hitting $21.50. 981,750 shares of the company’s stock were exchanged. Rudolph Technologies, Inc. has a 52 week low of $16.80 and a 52 week high of $27.30. The firm has a 50 day moving average price of $23.58 and a 200-day moving average price of $23.21. The company has a market capitalization of $678.11 million, a price-to-earnings ratio of 21.70 and a beta of 1.08.

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 (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $67.40 million for the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. Rudolph Technologies’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. On average, equities analysts anticipate that Rudolph Technologies, Inc. will post $1.17 EPS for the current year.

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Several research analysts have recently weighed in on RTEC shares. Stifel Nicolaus upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded 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 note on Saturday, May 6th. Credit Suisse Group downgraded shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 target price for the company. in a research note on Tuesday, May 2nd. BidaskClub downgraded shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research note on Sunday, May 7th. One analyst has 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 presently has a consensus rating of “Hold” and an average price target of $27.20.

About Rudolph Technologies

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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