Is Rudolph Technologies Inc (RTEC) A Good Stock To Buy?

Consequently, key hedge funds were breaking ground themselves. Hutchin Hill Capital, led by Neil Chriss, established the most outsized position in Rudolph Technologies Inc (NYSE:RTEC). Hutchin Hill Capital had $1.2 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also initiated a $0.5 million position during the quarter. The only other fund with a brand new RTEC position is Mike Vranos’ Ellington.

Let’s now take a look at hedge fund activity in other stocks similar to Rudolph Technologies Inc (NYSE:RTEC). These stocks are National Storage Affiliates Trust (NYSE:NSA), Otonomy Inc (NASDAQ:OTIC), Easterly Government Properties Inc (NYSE:DEA), and John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS). This group of stocks’ market valuations resemble RTEC’s market valuation.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $72 million. That figure was $87 million in RTEC’s case. John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) is the most popular stock in this table. On the other hand Easterly Government Properties Inc (NYSE:DEA) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Rudolph Technologies Inc (NYSE:RTEC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None