Bank of New York Mellon Corp decreased its stake in shares of Rudolph Technologies Inc (NYSE:RTEC) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,588 shares of the scientific and technical instruments company’s stock after selling 15,003 shares during the quarter. Bank of New York Mellon Corp owned about 1.42% of Rudolph Technologies worth $11,824,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in Rudolph Technologies by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 9,387 shares of the scientific and technical instruments company’s stock valued at $214,000 after purchasing an additional 1,408 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Rudolph Technologies by 29.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock valued at $216,000 after purchasing an additional 2,170 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Rudolph Technologies during the 3rd quarter valued at approximately $292,000. Stevens Capital Management LP acquired a new position in Rudolph Technologies during the 2nd quarter valued at approximately $294,000. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of Rudolph Technologies in the 2nd quarter valued at $304,000. Institutional investors and hedge funds own 92.52% of the company’s stock.

In related news, Director Daniel H. Berry sold 6,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $26.13, for a total transaction of $156,780.00. Following the sale, the director now directly owns 24,200 shares of the company’s stock, valued at $632,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Alan Koch sold 3,500 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $26.31, for a total transaction of $92,085.00. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $511,765 over the last three months. 2.00% of the stock is currently owned by insiders.

Several research firms have recently commented on RTEC. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Saturday, September 16th. Zacks Investment Research raised shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Monday, September 18th. BidaskClub raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Credit Suisse Group upped their price objective on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Shares of Rudolph Technologies Inc (RTEC) opened at $24.40 on Friday. The company has a market cap of $775.46, a price-to-earnings ratio of 19.68, a PEG ratio of 1.75 and a beta of 1.03. Rudolph Technologies Inc has a twelve month low of $21.00 and a twelve month high of $28.10.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The business had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. During the same period in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. analysts predict that Rudolph Technologies Inc will post 1.04 EPS for the current year.

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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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