Rudolph Technologies Inc (NYSE:RTEC) Sees Large Growth in Short Interest

Rudolph Technologies Inc (NYSE:RTEC) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,008,700 shares, a growth of 9.4% from the April 30th total of 921,700 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is currently 6.5 days. Currently, 3.4% of the company’s shares are sold short.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Saturday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.50.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Rudolph Technologies by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,687,523 shares of the scientific and technical instruments company’s stock worth $55,013,000 after acquiring an additional 62,465 shares during the period. Stone Ridge Asset Management LLC lifted its stake in Rudolph Technologies by 8.4% in the fourth quarter. Stone Ridge Asset Management LLC now owns 25,586 shares of the scientific and technical instruments company’s stock worth $524,000 after acquiring an additional 1,976 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its stake in Rudolph Technologies by 8.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 153,431 shares of the scientific and technical instruments company’s stock worth $3,498,000 after acquiring an additional 11,452 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Rudolph Technologies in the first quarter worth about $572,000. Finally, Rhumbline Advisers lifted its stake in Rudolph Technologies by 20.4% in the fourth quarter. Rhumbline Advisers now owns 93,849 shares of the scientific and technical instruments company’s stock worth $1,921,000 after acquiring an additional 15,912 shares during the period. 93.26% of the stock is owned by institutional investors.

Shares of RTEC traded up $0.22 during trading hours on Friday, reaching $26.99. 90,234 shares of the company traded hands, compared to its average volume of 338,109. The stock has a market capitalization of $837.39 million, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.35 and a beta of 1.02. Rudolph Technologies has a 12-month low of $18.13 and a 12-month high of $30.65. The company has a current ratio of 8.06, a quick ratio of 5.71 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $25.24.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Rudolph Technologies had a net margin of 14.35% and a return on equity of 10.48%. The firm had revenue of $60.89 million during the quarter, compared to analyst estimates of $59.53 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. On average, equities analysts expect that Rudolph Technologies will post 1.15 earnings per share for the current year.

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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