Gagnon Securities Lowers stake in Rudolph Technologies Inc (RTEC)

Rudolph Technologies Inc (RTEC) : Gagnon Securities reduced its stake in Rudolph Technologies Inc by 5.47% during the most recent quarter end. The investment management company now holds a total of 732,085 shares of Rudolph Technologies Inc which is valued at $12,489,370 after selling 42,332 shares in Rudolph Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Rudolph Technologies Inc makes up approximately 5.52% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in RTEC by selling 108,217 shares or 6.79% in the most recent quarter. The Hedge Fund company now holds 1,486,496 shares of RTEC which is valued at $25,359,622. Ubs Asset Management Americas Inc added RTEC to its portfolio by purchasing 13,898 company shares during the most recent quarter which is valued at $237,100.Oxford Asset Management reduced its stake in RTEC by selling 13,930 shares or 26.62% in the most recent quarter. The Hedge Fund company now holds 38,398 shares of RTEC which is valued at $655,070. Rudolph Technologies Inc makes up approx 0.03% of Oxford Asset Management’s portfolio. Spot Trading L.l.c sold out all of its stake in RTEC during the most recent quarter. The investment firm sold 1,400 shares of RTEC which is valued $23,814. Creative Planning added RTEC to its portfolio by purchasing 1,500 company shares during the most recent quarter which is valued at $23,625.

Rudolph Technologies Inc opened for trading at $17.46 and hit $17.82 on the upside on Friday, eventually ending the session at $17.78, with a gain of 2.13% or 0.37 points. The heightened volatility saw the trading volume jump to 4,19,570 shares. Company has a market cap of $550 M.

On the company’s financial health, Rudolph Technologies Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.24. The company had revenue of $62.70 million for the quarter, compared to analysts expectations of $60.26 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Rudolph Technologies Inc. Rudolph Technologies Inc was Downgraded by Dougherty & Company to ” Neutral” on Jul 29, 2016. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .

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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