Pacific Ridge Capital Partners buys $4.8 Million stake in Rudolph Technologies Inc (RTEC)

Rudolph Technologies Inc (RTEC) : Pacific Ridge Capital Partners scooped up 760 additional shares in Rudolph Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 352,140 shares of Rudolph Technologies Inc which is valued at $4.8 Million.Rudolph Technologies Inc makes up approximately 2.17% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in RTEC in the latest quarter, The investment management firm added 4,227 additional shares and now holds a total of 19,604 shares of Rudolph Technologies Inc which is valued at $268,183.Blackrock Fund Advisors reduced its stake in RTEC by selling 26,586 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 1,996,254 shares of RTEC which is valued at $27.3 Million. Rudolph Technologies Inc makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Emerald Advisers Incpa boosted its stake in RTEC in the latest quarter, The investment management firm added 17,347 additional shares and now holds a total of 59,271 shares of Rudolph Technologies Inc which is valued at $822,089. Rudolph Technologies Inc makes up approx 0.04% of Emerald Advisers Incpa’s portfolio.

Rudolph Technologies Inc closed down -0.03 points or -0.21% at $14.33 with 2,29,264 shares getting traded on Wednesday. Post opening the session at $14.39, the shares hit an intraday low of $14.2 and an intraday high of $14.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Rudolph Technologies Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.17. The company had revenue of $54.40 million for the quarter, compared to analysts expectations of $52.78 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on Rudolph Technologies Inc. Company shares were Reiterated by Stifel on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

Rudolph Technologies Inc. is engaged in the design development manufacture and support of defect inspection advanced packaging lithography thin film metrology 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. The Company provides its technologies in business areas including Inspection Business Lithography Business Metrology Business and Yield Management and Process Control Software. It markets and sells its products to memory data storage flat panel and application-specific integrated circuit (ASIC) device manufacturers.

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