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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Rudolph Technologies, Inc.
Type
Public
Traded as NYSE: RTEC
S&P 600 Component
Industry Semiconductor Equipment & Materials
Founded 1940
Headquarters Wilmington, Massachusetts, United States
Products Semiconductor wafer processing, Semiconductor final manufacturing, Data Storage, Compound semiconductor manufacturing, Flat Panel Display, Micro-Electro-Mechanical Systems (MEMS) manufacturing, Research and development.
Revenue $232.8 million USD (2016)
Number of employees
~580 (2016)
Website www.rudolphtech.com

Rudolph Technologies, Inc. is an American semiconductor company. Formed in 1940 and traded as NYSE: RTEC on the New York Stock Exchange, it is a provider of process characterization equipment and software for semiconductor, data storage, flat panel display and micro-electro-mechanical system (MEMS) manufacturing industries. The company’s product offering includes automated defect inspection and metrology systems, probe card test and analysis systems, and lithography step-and-repeat systems. In addition, Rudolph provides a broad range of software products designed to improve yield, control processes and reduce manufacturing costs.

Rudolph Technologies, Inc. (RTI) traces its origins to 1940, when Otto Curt Rudolph formed O.C. Rudolph & Sons, Inc. Originally an importer of microscopes and scientific instruments, this RTI predecessor was renamed in October 1970 to Rudolph Research Corporation. The company designed optical equipment for laboratories and universities.

The company Otto Rudolph established continued to evolve, making breakthroughs in ellipsometry including the first production-oriented ellipsometer for thin, transparent film measurements. The company continued development of its metrology products, securing new patents along the way.

In June 1996, Richard Spanier, Ph.D., chief executive officer of Rudolph Research, forged a partnership agreement with Boston-based Riverside Partners and New York-based Liberty Partners who, along with others, invested in the company. At that time, Dr. Spanier retired his active role in the company and semiconductor industry veteran Paul F. McLaughlin was named as CEO. In August 1999, the name of the company was changed to Rudolph Technologies, Inc.

In November 1999, RTI made its initial public offering of common stock. Revenues grew dramatically, reaching a record $38.1 million. A new facility opened early in the year, and the company launched a new product, the MetaPULSE® line of copper film measurement tools.

In July 2002, RTI agreed to acquire the Richardson, Texas-based defect control company ISOA, Inc. A spin-off from Texas Tech University’s International Center for Informatics Research, ISOA had been licensing technology to the semiconductor industry for about 16 years, offering defect detection software. The deal was completed in September, with ISOA becoming RTI’s Yield Metrology Group.

Several months later, RTI expanded into China by establishing an office in Shanghai’s Pudong industrial area. In subsequent years, the company established additional offices in all semiconductor manufacturing regions of the world including Japan, Europe, South Korea, Taiwan and Singapore.

In 2006, a merger was completed with Minnesota-based August Technology Corporation, growing Rudolph’s workforce to 550 employees. This acquisition brought Rudolph into the ‘back-end’ of the manufacturing process.

In 2007, the company acquired the semiconductor business of Washington-based Applied Precision LLC, adding probe card test and analysis to the company’s portfolio. The acquisition of RVSI Inspection LLC and its Wafer Scanner inspection system was announced in 2008. Adventa Control Technologies, Inc., a provider of process control software, was acquired in 2009, and an acquisition of MKS Instruments, Inc.’s Yield Dynamics business was completed in 2010. Rudolph announced two acquisitions in 2012. NanoPhotonics GmbH, Mainz, Germany (unpatterned wafer inspection); and Azores Corp., Wilmington, MA (Rudolph's entry into the advanced packaging and FPD lithography markets). In 2013 Rudolph announced the acquisition of selected assets of Tamar Technology, Newbury Park, CA, a supplier of 3D metrology technologies. Rudolph acquired the inspection technology of Stella Alliance in 2015, adding patents to enhance its inspection capability.

As of January 19, 2017, Rudolph Technologies Inc. had a market capitalization of about $713 million.

The company is now headquartered in Wilmington, Massachusetts, with additional U.S. operations in New Jersey, Minnesota, Massachusetts, Texas, New York, Washington and California. Manufacturing operations for inspection and metrology products are consolidated in Minnesota; stepper manufacturing is located in Wilmington, Massachusetts.

Semiconductor device fabrication is the process used to create the integrated circuits that are found in commonly used electronic devices and electrical equipment. It is a multiple-step process during which electronic circuits are gradually built by adding elements and layers of material on a substrate made of pure silicon, or various compounds in the case of specialized applications, hundreds of steps performed by specialized process tools are required before the wafer moves to a final packaging facility.

The focus of packaging and assembly is to ensure an electrical connection from the die to the circuit board, to encapsulate the package for mechanical integrity and to withstand thermal variations. The era of slim form-factor devices, such as smart phones, implies high level of functionality in very dense footprint. Due to these requirements, the challenges in packaging, assembly and test have significantly increased and advanced packaging techniques such as bumping or through-silicon via are necessary.

Investment goal date:
Dividends reinvested
Rudolph Technologies, Inc. RTEC report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-30
--
--
Q4 2017
2018-02-14
--
--
Q4 2017
2018-02-02
--
--
Q3 2017
2017-10-30
0.3300
0.5400
Q2 2017
2017-08-02
0.3300
0.2900
Q1 2017
2017-05-01
0.2600
0.2200
Q4 2016
2017-02-02
0.2100
0.1900
Q3 2016
2016-11-07
0.2900
0.3000
Q2 2016
2016-07-28
0.3100
0.2400
Q1 2016
2016-05-02
0.1800
0.4400
Q4 2015
2016-02-01
0.1600
0.0900
Q3 2015
2015-11-02
0.2600
0.2200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
496589
BlackRock Fund Advisors
2431214
BlackRock Inc.
3803718
BlackRock Institutional Trust Company, N.A.
859310
D. E. Shaw & Co., Inc.
776260
DIMENSIONAL FUND ADVISORS LP
2630319
EAGLE ASSET MANAGEMENT INC
519968
GEODE CAPITAL MANAGEMENT, LLC
528139
Invesco Ltd.
933928
KILLEN GROUP INC
502883
PRICE T ROWE ASSOCIATES INC /MD/
1018103
RENAISSANCE TECHNOLOGIES LLC
611736
ROYCE & ASSOCIATES LLC
1262806
STATE STREET CORP
883658
Vanguard Group, Inc
1582835
Major Shareholders
Name Relationship
Total Shares
Holding stocks
RUDOLPH TECHNOLOGIES INC
0.4900% (163804)
RTEC /
ROTH STEVEN R
0.2600% (87346)
RTEC /
BROOKS D MAYSON
0.0600% (21557)
RTEC /
DICROSTA ROBERT
0.0500% (16939)
RTEC /
LITTLE NATHAN H
0.1900% (62311)
RTEC /
MCLAUGHLIN PAUL F
3.0300% (1006905)
RTEC /
BERLINGHIERI LEO
0.0600% (20100)
MKSI / RTEC /
GREIG THOMAS G
0.4000% (134000)
BBOX / RTEC /
MILLER DAVID BRIAN
0.0500% (18200)
RTEC /
KOCH ROBERT ALAN
0.1900% (61821)
RTEC /
BERRY DANIEL H
0.0800% (27000)
RTEC /
TOBEY AUBREY C
0.1000% (32900)
RTEC /
SPANIER RICHARD F
0.2100% (70393)
RTEC /
JOHNSON ARDELLE R
0.0700% (23976)
RTEC /
Nelson Jeffrey T
0.0700% (23073)
RTEC /
Plisinski Michael P
1.0700% (355676)
RTEC /
DANCIAK SCOTT R
0.0500% (15708)
RTEC /
WHITTEN JOHN R
0.1000% (34200)
RTEC /
Ahlgren Debbora
0.0200% (6469)
CSCD / RTEC /
Roy Rajiv
0.0800% (26903)
RTEC /
Jost Michael B.
0.0100% (3000)
MTSC / RTEC /
da Silveira Elvino M
0.1000% (33065)
RTEC /
da Silveira Elvino M
0.1000% (33700)
RTEC /
Gardner Steven D.
0.0800% (27066)
RTEC /
Colgan Michael J.
0.1200% (40034)
RTEC /
Goodrich Michael F.
0.1200% (39338)
RTEC /
Vaillant Peter
0.0500% (16793)
RTEC /
Rogoff Richard B.
0.1100% (36471)
RTEC /
Wilson Matthew
0.0500% (16258)
RTEC /
SONDERMAN THOMAS
0.0600% (20099)
RTEC /
Aukerman Jeffrey A.
0.0700% (22346)
RTEC /
Chan Chun Hoy
0.0700% (22570)
RTEC /
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