Spark Investment Management LLC Grows Stake in Rambus (RMBS)

Spark Investment Management LLC increased its position in shares of Rambus (NASDAQ:RMBS) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,600 shares of the semiconductor company’s stock after purchasing an additional 89,800 shares during the period. Spark Investment Management LLC owned about 0.42% of Rambus worth $6,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its position in shares of Rambus by 30.9% during the first quarter. Glen Harbor Capital Management LLC now owns 24,616 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 5,814 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Rambus by 9.3% during the first quarter. Thrivent Financial for Lutherans now owns 73,932 shares of the semiconductor company’s stock valued at $993,000 after purchasing an additional 6,278 shares during the period. California Public Employees Retirement System increased its position in shares of Rambus by 3.9% during the fourth quarter. California Public Employees Retirement System now owns 207,096 shares of the semiconductor company’s stock valued at $2,945,000 after purchasing an additional 7,799 shares during the period. Ferris Capital LLC increased its position in shares of Rambus by 20.9% during the fourth quarter. Ferris Capital LLC now owns 45,553 shares of the semiconductor company’s stock valued at $648,000 after purchasing an additional 7,874 shares during the period. Finally, US Bancorp DE increased its position in shares of Rambus by 4,945.2% during the first quarter. US Bancorp DE now owns 10,494 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 10,286 shares during the period. Institutional investors and hedge funds own 81.37% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Deutsche Bank assumed coverage on Rambus in a research report on Tuesday, March 27th. They set a “buy” rating and a $17.00 price objective on the stock. BidaskClub upgraded Rambus from a “strong sell” rating to a “sell” rating in a research report on Friday, March 9th. Benchmark restated a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Finally, ValuEngine upgraded Rambus from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.27.



Shares of NASDAQ:RMBS opened at $13.51 on Friday. Rambus has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.01 and a beta of 0.44. The company has a current ratio of 3.44, a quick ratio of 3.40 and a debt-to-equity ratio of 0.16.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.31). Rambus had a negative net margin of 17.65% and a positive return on equity of 8.46%. The company had revenue of $100.50 million during the quarter, compared to the consensus estimate of $97.00 million. During the same quarter last year, the company earned $0.17 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. research analysts predict that Rambus will post 0.67 EPS for the current fiscal year.

About Rambus

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.

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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