A Cash-Rich Tech Name to Consider
A 13G filed with the Securities and Exchange Commission has disclosed that Steelhead Partners, a fund managed by Michael Johnston, owns 1.8 million shares of Rudolph Technologies (RTEC), a manufacturer of defect-inspection instruments used by chipmakers to improve quality. Rudolph's market capitalization is only about $450 million, but between the average daily volume of about 260,000 shares and the current share price of nearly $14, there is sufficient dollar volume for most investors.
Steelhead, according to the filing, owns 5.2% of the company's outstanding shares. Our database of 13F filings shows that the fund did not own any shares at the end of September....545 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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