Rudolph Technologies Inc (NYSE:RTEC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Rudolph Technologies Inc (NYSE:RTEC) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 176,327 shares of the scientific and technical instruments company’s stock after selling 55,655 shares during the quarter. Thrivent Financial for Lutherans owned 0.55% of Rudolph Technologies worth $3,610,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Rudolph Technologies by 1.7% in the 4th quarter. Victory Capital Management Inc. now owns 35,949 shares of the scientific and technical instruments company’s stock worth $736,000 after acquiring an additional 599 shares during the period. Chartwell Investment Partners LLC lifted its stake in shares of Rudolph Technologies by 1.0% in the fourth quarter. Chartwell Investment Partners LLC now owns 65,119 shares of the scientific and technical instruments company’s stock valued at $1,333,000 after purchasing an additional 645 shares during the period. ETRADE Capital Management LLC lifted its stake in shares of Rudolph Technologies by 1.6% in the fourth quarter. ETRADE Capital Management LLC now owns 40,768 shares of the scientific and technical instruments company’s stock valued at $835,000 after purchasing an additional 650 shares during the period. Malaga Cove Capital LLC lifted its stake in shares of Rudolph Technologies by 0.6% in the fourth quarter. Malaga Cove Capital LLC now owns 129,163 shares of the scientific and technical instruments company’s stock valued at $2,589,000 after purchasing an additional 731 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of Rudolph Technologies by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 20,876 shares of the scientific and technical instruments company’s stock valued at $427,000 after purchasing an additional 804 shares during the period. 93.84% of the stock is currently owned by institutional investors.

RTEC has been the subject of several recent research reports. ValuEngine downgraded shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Zacks Investment Research downgraded shares of Rudolph Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.75.

Shares of NYSE RTEC traded up $0.31 during midday trading on Friday, reaching $24.46. 194,638 shares of the stock were exchanged, compared to its average volume of 126,081. The company has a market cap of $756.65 million, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.19 and a beta of 0.92. Rudolph Technologies Inc has a 52-week low of $18.13 and a 52-week high of $34.55.

Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Monday, February 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Rudolph Technologies had a net margin of 16.47% and a return on equity of 12.70%. The business had revenue of $62.78 million during the quarter, compared to the consensus estimate of $64.40 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts expect that Rudolph Technologies Inc will post 1.12 EPS for the current fiscal year.

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Rudolph Technologies Company Profile

Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging 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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