Victory Capital Management Inc. increased its position in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 17.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,387 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,408 shares during the period. Victory Capital Management Inc.’s holdings in Rudolph Technologies were worth $214,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its position 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 buying an additional 2,760 shares during the last quarter. Mason Street Advisors LLC grew its position in Rudolph Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock worth $164,000 after buying an additional 527 shares during the last quarter. Acadian Asset Management LLC grew its position 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 buying an additional 6,524 shares during the last quarter. BNP Paribas Arbitrage SA grew its position 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 buying an additional 2,170 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Rudolph Technologies by 40.7% in the first quarter. SG Americas Securities LLC now owns 10,032 shares of the scientific and technical instruments company’s stock worth $225,000 after buying an additional 2,900 shares during the last quarter. 91.89% of the stock is currently owned by hedge funds and other institutional investors.

Rudolph Technologies, Inc. (RTEC) opened at 24.25 on Friday. The firm’s 50-day moving average is $22.35 and its 200 day moving average is $23.27. The stock has a market capitalization of $764.85 million, a PE ratio of 24.47 and a beta of 1.12. Rudolph Technologies, Inc. has a 52-week low of $16.80 and a 52-week high of $27.30.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $67.40 million for the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. Rudolph Technologies’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. On average, equities analysts forecast that Rudolph Technologies, Inc. will post $1.17 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Rudolph Technologies, Inc. (RTEC) Position Raised by Victory Capital Management Inc.” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/22/rudolph-technologies-inc-rtec-position-raised-by-victory-capital-management-inc.html.

RTEC has been the topic of several recent research reports. BidaskClub lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research report on Monday. B. Riley restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research report on Thursday. Finally, Stifel Nicolaus upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.67.

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)

Receive News & Ratings for Rudolph Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.