Baader Bank Aktiengesellschaft Acquires New Stake in Rambus, Inc. $RMBS

Baader Bank Aktiengesellschaft purchased a new position in shares of Rambus, Inc. (NASDAQ:RMBS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 11,042 shares of the semiconductor company’s stock, valued at approximately $1,149,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RMBS. Norges Bank bought a new stake in shares of Rambus during the 2nd quarter worth $126,268,000. EdgePoint Investment Group Inc. increased its position in Rambus by 138.4% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,787,327 shares of the semiconductor company’s stock valued at $178,445,000 after purchasing an additional 1,618,133 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Rambus by 41.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,737,062 shares of the semiconductor company’s stock valued at $111,207,000 after buying an additional 504,852 shares during the period. AQR Capital Management LLC raised its position in shares of Rambus by 192.8% in the 2nd quarter. AQR Capital Management LLC now owns 701,746 shares of the semiconductor company’s stock worth $44,926,000 after acquiring an additional 462,116 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Rambus by 46.0% during the second quarter. Raymond James Financial Inc. now owns 1,372,109 shares of the semiconductor company’s stock valued at $87,842,000 after buying an additional 432,397 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Price Performance

Rambus stock opened at $99.38 on Thursday. Rambus, Inc. has a 1 year low of $40.12 and a 1 year high of $135.75. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 47.10 and a beta of 1.53. The firm has a 50-day moving average of $102.17 and a two-hundred day moving average of $94.32.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $190.24 million during the quarter, compared to analyst estimates of $188.21 million. Rambus had a return on equity of 17.69% and a net margin of 32.57%. Research analysts expect that Rambus, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RMBS has been the subject of a number of analyst reports. William Blair initiated coverage on shares of Rambus in a research note on Thursday, January 22nd. They set an “outperform” rating for the company. Susquehanna dropped their price target on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Evercore reduced their target price on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Rambus in a report on Tuesday, February 3rd. Finally, Weiss Ratings downgraded shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

Rambus Company Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.