Global X MANAGEMENT CO LLC boosted its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,129 shares of the semiconductor company’s stock after buying an additional 6,952 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Rambus were worth $656,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Engineers Gate Manager LP boosted its stake in Rambus by 611.4% during the second quarter. Engineers Gate Manager LP now owns 73,345 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 63,035 shares during the period. Cipher Capital LP boosted its stake in Rambus by 25.2% during the second quarter. Cipher Capital LP now owns 298,503 shares of the semiconductor company’s stock valued at $3,412,000 after buying an additional 60,021 shares during the period. Aperio Group LLC boosted its stake in Rambus by 27.9% during the second quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock valued at $389,000 after buying an additional 7,419 shares during the period. GSA Capital Partners LLP boosted its stake in Rambus by 523.6% during the second quarter. GSA Capital Partners LLP now owns 137,897 shares of the semiconductor company’s stock valued at $1,576,000 after buying an additional 115,784 shares during the period. Finally, Menta Capital LLC boosted its stake in Rambus by 27.2% during the second quarter. Menta Capital LLC now owns 302,105 shares of the semiconductor company’s stock valued at $3,453,000 after buying an additional 64,687 shares during the period. 75.59% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on RMBS shares. TheStreet raised Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, October 27th. Citigroup Inc. lifted their price target on Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Loop Capital reaffirmed a “buy” rating and set a $19.00 price target (up previously from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price target (up previously from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Rambus has an average rating of “Hold” and a consensus price target of $15.98.
In other news, Director Penny Herscher sold 6,437 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $13.44, for a total value of $86,513.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Laura Stark sold 2,937 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.48, for a total value of $42,527.76. Following the completion of the sale, the senior vice president now directly owns 205,966 shares of the company’s stock, valued at approximately $2,982,387.68. The disclosure for this sale can be found here. In the last three months, insiders sold 29,647 shares of company stock valued at $403,804. 2.00% of the stock is currently owned by corporate insiders.
Shares of Rambus, Inc. (NASDAQ:RMBS) opened at $14.78 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37. Rambus, Inc. has a 52 week low of $11.30 and a 52 week high of $14.95. The stock has a market capitalization of $1,598.37, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.76.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Rambus had a return on equity of 9.79% and a net margin of 2.54%. The firm had revenue of $99.10 million during the quarter, compared to analyst estimates of $99.00 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. sell-side analysts forecast that Rambus, Inc. will post 0.52 EPS for the current year.
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Rambus Company Profile
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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