Rhumbline Advisers increased its stake in Rambus Inc. (NASDAQ:RMBS) by 15.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 259,030 shares of the semiconductor company’s stock after buying an additional 34,513 shares during the period. Rhumbline Advisers owned 0.24% of Rambus worth $3,683,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of RMBS. Zions Bancorporation purchased a new stake in shares of Rambus in the 3rd quarter worth approximately $122,000. Magnetar Financial LLC purchased a new stake in shares of Rambus in the 3rd quarter worth approximately $145,000. LMR Partners LLP purchased a new stake in shares of Rambus in the 3rd quarter worth approximately $192,000. SG Americas Securities LLC purchased a new stake in Rambus during the 3rd quarter valued at $315,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Rambus during the 3rd quarter valued at $341,000. Institutional investors own 81.86% of the company’s stock.
RMBS has been the topic of several recent analyst reports. ValuEngine upgraded Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Benchmark reiterated a “buy” rating and set a $18.00 target price (up from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Finally, Zacks Investment Research downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Rambus has an average rating of “Hold” and a consensus target price of $16.32.
Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $101.89 million for the quarter, compared to the consensus estimate of $101.25 million. Rambus had a positive return on equity of 9.54% and a negative net margin of 4.70%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. equities research analysts anticipate that Rambus Inc. will post 0.66 earnings per share for the current year.
In other news, SVP Laura Stark sold 2,936 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.00, for a total transaction of $35,232.00. Following the transaction, the senior vice president now directly owns 236,053 shares of the company’s stock, valued at approximately $2,832,636. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric B. Stang sold 5,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $14.73, for a total value of $73,650.00. Following the transaction, the director now directly owns 11,792 shares in the company, valued at $173,696.16. The disclosure for this sale can be found here. Insiders have sold a total of 29,925 shares of company stock worth $410,092 over the last three months. Insiders own 2.00% of the company’s stock.
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Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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