Springbank Value Partners Lp buys $362,520 stake in Rudolph Technologies Inc (RTEC)

Rudolph Technologies Inc (RTEC) : Springbank Value Partners Lp scooped up 15,000 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 12, 2016. The investment management firm now holds a total of 26,500 shares of Rudolph Technologies Inc which is valued at $362,520.Rudolph Technologies Inc makes up approximately 0.62% of Springbank Value Partners Lp’s portfolio.

Other Hedge Funds, Including , Menta Capital reduced its stake in RTEC by selling 13,500 shares or 29.35% in the most recent quarter. The Hedge Fund company now holds 32,492 shares of RTEC which is valued at $444,491. Rudolph Technologies Inc makes up approx 0.06% of Menta Capital’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in RTEC by selling 22,475 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 870,844 shares of RTEC which is valued at $11.9 Million.Alambic Investment Management reduced its stake in RTEC by selling 15,400 shares or 24.52% in the most recent quarter. The Hedge Fund company now holds 47,400 shares of RTEC which is valued at $656,016. Rudolph Technologies Inc makes up approx 0.21% of Alambic Investment Management’s portfolio.

Rudolph Technologies Inc opened for trading at $13.64 and hit $13.9 on the upside on Friday, eventually ending the session at $13.88, with a gain of 2.59% or 0.35 points. The heightened volatility saw the trading volume jump to 2,86,965 shares. Company has a market cap of $428,642 M.

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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