The stock is trading at $24.35 slightly over the 50 day moving average of $22.35 and which is marginally over the 200 day moving average of $23.27. The 50 day moving average went up $2.00 or +8.95% whereas the 200 day moving average was up $1.08 or +4.62%. Trading was heavy with 209K shares changing hands by the end of trading on Wednesday. Overall, volume was up 0.68% over the stocks normal daily volume.
Investors are a little more bullish on the company recently if you put credence in the decrease in short interest. The stock experienced a fall in short interest of -3.47% as of August 31, 2017 from the last reporting period. Short shares fell 23,146 over that period. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.02% as of August 31.
Here are a few substantial investment firms who have updated their positions. Gagnon Advisors, LLC expanded its investment by buying 533 shares an increase of 0.2% from 03/31/2017 to 06/30/2017. Gagnon Advisors, LLC currently owns 289,286 shares with a value of $6,610,000. The total value of its holdings increased 2.2%. As of the end of the quarter Malaga Cove Capital, LLC had sold 593 shares trimming its stake by 0.4%. The value of the company’s investment in Rudolph Technologies, Inc. increased from $2,901,000 to $3,035,000 a change of $134,000 quarter to quarter.
As of quarter end Chartwell Investment Partners, LLC had disposed of a total of 5,000 shares trimming its holdings by 4.6%. The value of the investment in Rudolph Technologies, Inc. went from $2,421,000 to $2,356,000 decreasing 2.7% since the last quarter. Sensato Investors LLC divested its holdings by selling 18,600 shares a decrease of 18.2% in the quarter. Sensato Investors LLC claims 83,630 shares worth $1,911,000. The value of the position overall is down by 16.6%.
On June 16 the stock rating was upgraded to “Buy” from “Hold” by analysts at Stifel Nicolaus.
The P/E ratio is currently 24.57 and the market cap of the company is 768.00M. As of the last earnings report the EPS was $0.99 and is estimated to be $1.17 for the current year with 31,540,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.27 and the next full year EPS is anticipated to be $1.38.
Rudolph Technologies, Inc. (Rudolph), launched on June 13, 1996, is involved in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, 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 offers Process Control Business, Lithography Business and Integrated Software Solutions. Rudolph markets and sells products to logic, memory, data storage, flat panel, application-specific integrated circuit (ASIC) device and packaging manufacturers. Its products include AMX 6000 Series, Explorer Inspection Platform, MetaPULSE System, Wafer Scanner Inspection System, GateWay Software, Yield Optimizer Software, Firefly Inspection Series, PrecisionWoRx System, ControlWORKS Software, Process Sentinel Software, Genesis Software and RecipeWORKS Software. The Business’s manufacturing activities are conducted in its manufacturing facilities in Bloomington, Minnesota and Wilmington, Massachusetts..