Rubicon Technology (RBCN) : Zeke Capital Advisors has sold out all of its stake in Rubicon Technology during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 83,000 shares of Rubicon Technology which is valued at $55,859.
Other Hedge Funds, Including , Ariel Investments reduced its stake in RBCN by selling 346,447 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 4,420,918 shares of RBCN which is valued at $3 Million. Rubicon Technology makes up approx 0.04% of Ariel Investments’s portfolio. Employees Retirement System Of Texas sold out all of its stake in RBCN during the most recent quarter. The investment firm sold 157,100 shares of RBCN which is valued $105,728.
Rubicon Technology opened for trading at $0.67 and hit $0.698 on the upside on Wednesday, eventually ending the session at $0.6801, with a gain of 1.51% or 0.0101 points. The heightened volatility saw the trading volume jump to 37,969 shares. Company has a market cap of $18 M.
On the company’s financial health, Rubicon Technology reported $-0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $-0.26. The company had revenue of $4.30 million for the quarter, compared to analysts expectations of $4.67 million. The company’s revenue was down -51.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.32 EPS.
Rubicon Technology Inc. (Rubicon) is a vertically integrated electronic materials provider specializing in monocrystalline sapphire for applications in light-emitting diodes (LEDs) optical systems and specialty electronic devices. The Company’s product lines include sapphire cores which are of two to six inches in diameter; four and six-inch sapphire wafers that are used as substrates for the manufacture of LED chips and to a lesser extent for other semiconductor applications such as Silicon-on-Sapphire Radio Frequency Integrated Circuits; four six and eight-inch patterned sapphire wafers (PSS) which are polished wafers that undergo additional processes of photolithography and dry plasma etching to produce a patterned surface and optical sapphire components in various shapes and sizes including round and rectangular windows and blanks domes tubes and rods. It fabricates its products from the boules and sells them as core polished wafer and PSS wafers.