What’s Next for Rudolph Technologies Inc (NYSE:RTEC) After Having Less Shares Shorted?

July 11, 2018 - By Pete Kolinski

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.10, from 0.88 in 2017Q4. It is negative, as 16 investors sold Rudolph Technologies, Inc. shares while 73 reduced holdings. 28 funds opened positions while 41 raised stakes. 28.05 million shares or 0.54% less from 28.21 million shares in 2017Q4 were reported.
Bowling Portfolio Mgmt Limited Com, Ohio-based fund reported 46,110 shares. 22,261 were reported by Art Advisors Ltd Liability Corp. State Street Corp invested in 930,813 shares. Ubs Asset Americas accumulated 7,298 shares. Atlantic Grp Ltd Company, a Georgia-based fund reported 270 shares. Northern Tru Corporation owns 406,545 shares or 0% of their US portfolio. Great West Life Assurance Can has invested 0% of its portfolio in Rudolph Technologies, Inc. (NYSE:RTEC). Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Rudolph Technologies, Inc. (NYSE:RTEC). Hotchkis And Wiley Mgmt Limited Liability Corp accumulated 15,317 shares. C M Bidwell Assoc Limited, a Hawaii-based fund reported 2,915 shares. 40,433 are held by State Board Of Administration Of Florida Retirement Sys. Ameriprise reported 391,179 shares. Prelude Cap Management Ltd Company accumulated 0% or 1,306 shares. Invesco Ltd invested in 514,517 shares or 0.01% of the stock. Tower Limited Com (Trc) stated it has 0.02% of its portfolio in Rudolph Technologies, Inc. (NYSE:RTEC).

Since February 14, 2018, it had 0 insider purchases, and 10 insider sales for $2.08 million activity. ROTH STEVEN R sold $339,700 worth of Rudolph Technologies, Inc. (NYSE:RTEC) on Wednesday, May 30. $199,514 worth of stock was sold by WHITTEN JOHN R on Tuesday, May 8. Shares for $324,582 were sold by da Silveira Elvino M on Wednesday, May 16. Shares for $125,220 were sold by MILLER DAVID BRIAN on Wednesday, May 9. BERLINGHIERI LEO had sold 4,200 shares worth $135,690 on Wednesday, May 23. Goodrich Michael F. sold $63,250 worth of stock or 2,500 shares.

The stock of Rudolph Technologies Inc (NYSE:RTEC) registered a decrease of 7.97% in short interest. RTEC’s total short interest was 384,600 shares in July as published by FINRA. Its down 7.97% from 417,900 shares, reported previously. With 170,200 shares average volume, it will take short sellers 2 days to cover their RTEC’s short positions. The short interest to Rudolph Technologies Inc’s float is 1.24%.

The stock decreased 3.45% or $1.05 during the last trading session, reaching $29.4. About 203,880 shares traded. Rudolph Technologies, Inc. (NYSE:RTEC) has risen 33.47% since July 11, 2017 and is uptrending. It has outperformed by 20.90% the S&P500.

Rudolph Technologies, Inc. designs, develops, makes, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company has market cap of $935.10 million. The firm also offers process and yield management solutions used in wafer processing and final manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements. It has a 28.82 P/E ratio. In addition, it provides spare parts.

Rudolph Technologies, Inc. (NYSE:RTEC) Ratings Coverage

Among 3 analysts covering Rudolph Technologies (NYSE:RTEC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Rudolph Technologies had 4 analyst reports since February 2, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, June 4 by Sidoti. Stifel Nicolaus maintained Rudolph Technologies, Inc. (NYSE:RTEC) rating on Friday, February 2. Stifel Nicolaus has “Buy” rating and $33.0 target. The stock has “Buy” rating by FBR Capital on Friday, February 2. The stock has “Buy” rating by Stifel Nicolaus on Thursday, May 3.

Another recent and important Rudolph Technologies, Inc. (NYSE:RTEC) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights Visteon, World Wrestling Entertainment, Donnelley Financial Solutions, Virtusa …” on June 29, 2018.

Rudolph Technologies, Inc. (NYSE:RTEC) Institutional Positions Chart

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