Rambus Inc. (RMBS) Shares Bought by Vanguard Group Inc

Vanguard Group Inc lifted its position in shares of Rambus Inc. (NASDAQ:RMBS) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,936,938 shares of the semiconductor company’s stock after buying an additional 277,298 shares during the period. Vanguard Group Inc owned approximately 10.08% of Rambus worth $119,321,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its position in Rambus by 57.1% during the 3rd quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,487 shares during the period. Bank of America Corp DE boosted its position in Rambus by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 99,710 shares of the semiconductor company’s stock worth $1,250,000 after purchasing an additional 5,457 shares during the period. Russell Investments Group Ltd. boosted its position in Rambus by 8.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 86,502 shares of the semiconductor company’s stock worth $944,000 after purchasing an additional 6,583 shares during the period. Legal & General Group Plc boosted its position in Rambus by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 235,662 shares of the semiconductor company’s stock worth $2,991,000 after purchasing an additional 6,830 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Rambus by 152.2% during the 3rd quarter. Pacer Advisors Inc. now owns 17,224 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 10,395 shares during the period. Institutional investors and hedge funds own 76.74% of the company’s stock.

Shares of Rambus stock opened at $8.30 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.02 and a quick ratio of 7.91. Rambus Inc. has a twelve month low of $7.17 and a twelve month high of $14.61. The firm has a market cap of $896.22 million, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.23). The firm had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $100.00 million. Rambus had a negative net margin of 45.18% and a positive return on equity of 7.78%. The business’s quarterly revenue was down 39.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. As a group, sell-side analysts expect that Rambus Inc. will post 0.75 earnings per share for the current year.

RMBS has been the subject of a number of research reports. Roth Capital decreased their price target on shares of Rambus from $18.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. TheStreet cut shares of Rambus from a “c-” rating to a “d” rating in a research report on Tuesday, October 30th. Deutsche Bank decreased their price target on shares of Rambus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Finally, ValuEngine cut shares of Rambus from a “sell” rating to a “strong sell” rating in a research report on Monday, October 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.80.

In other Rambus news, SVP Jae Kim sold 7,292 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $8.68, for a total value of $63,294.56. Following the completion of the transaction, the senior vice president now directly owns 122,532 shares of the company’s stock, valued at approximately $1,063,577.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.

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Rambus Company Profile

Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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