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Should You Avoid Rudolph Technologies Inc (RTEC)?

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What’s a smart Rudolph Technologies Inc (NASDAQ:RTEC) investor to do?

If you were to ask many investors, hedge funds are assumed to be overrated, old financial vehicles of an era lost to time. Although there are over 8,000 hedge funds with their doors open today, this site aim at the elite of this club, around 525 funds. Analysts calculate that this group has its hands on most of the hedge fund industry’s total capital, and by keeping an eye on their highest quality investments, we’ve identified a number of investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 33 percentage points in 11 months (see all of our picks from August).

Equally as key, bullish insider trading activity is another way to analyze the world of equities. As the old adage goes: there are a number of incentives for an insider to get rid of shares of his or her company, but just one, very simple reason why they would buy. Plenty of empirical studies have demonstrated the impressive potential of this method if you know where to look (learn more here).

Rudolph Technologies Inc (NASDAQ:RTEC)

Furthermore, we’re going to discuss the latest info about Rudolph Technologies Inc (NASDAQ:RTEC).

What have hedge funds been doing with Rudolph Technologies Inc (NASDAQ:RTEC)?

In preparation for the third quarter, a total of 10 of the hedge funds we track held long positions in this stock, a change of -38% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were increasing their holdings meaningfully.

According to our 13F database, Chuck Royce’s Royce & Associates had the largest position in Rudolph Technologies Inc (NASDAQ:RTEC), worth close to $12.7 million, comprising less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is Christopher Zepf and Brian Thonn of Kingdom Ridge Capital, with a $3.6 million position; 1.7% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Ken Grossman and Glen Schneider’s SG Capital Management, Robert B. Gillam’s McKinley Capital Management and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Due to the fact Rudolph Technologies Inc (NASDAQ:RTEC) has faced declining interest from the smart money’s best and brightest, we can see that there was a specific group of fund managers that elected to cut their positions entirely heading into Q2. Interestingly, Joel Greenblatt’s Gotham Asset Management said goodbye to the largest position of the “upper crust” of funds we watch, totaling an estimated $1 million in stock. Jim Simons’s fund, Renaissance Technologies, also dropped its stock, about $0.6 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 6 funds heading into Q2.

What do corporate executives and insiders think about Rudolph Technologies Inc (NASDAQ:RTEC)?

Insider buying is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the last 180-day time period, Rudolph Technologies Inc (NASDAQ:RTEC) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Rudolph Technologies Inc (NASDAQ:RTEC). These stocks are Landauer, Inc. (NYSE:LDR), Zygo Corporation (NASDAQ:ZIGO), GSI Group Inc. (USA) (NASDAQ:GSIG), Fluidigm Corporation (NASDAQ:FLDM), and Affymetrix, Inc. (NASDAQ:AFFX). This group of stocks are in the scientific & technical instruments industry and their market caps match RTEC’s market cap.

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