Cambiar Investors LLC Purchases 37,399 Shares of Rambus Inc. (RMBS)

Cambiar Investors LLC increased its position in Rambus Inc. (NASDAQ:RMBS) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 398,972 shares of the semiconductor company’s stock after buying an additional 37,399 shares during the quarter. Cambiar Investors LLC owned 0.37% of Rambus worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc increased its stake in shares of Rambus by 471.4% in the second quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 6,600 shares during the period. Advisors Capital Management LLC acquired a new position in shares of Rambus in the second quarter valued at approximately $143,000. Hartford Investment Management Co. acquired a new position in shares of Rambus in the second quarter valued at approximately $168,000. Harvest Management LLC acquired a new position in shares of Rambus in the second quarter valued at approximately $197,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Rambus in the second quarter valued at approximately $201,000. 80.50% of the stock is owned by institutional investors.

In related news, Vice Chairman Charles Kissner sold 5,896 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $10.59, for a total value of $62,438.64. Following the sale, the insider now directly owns 33,347 shares in the company, valued at $353,144.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.



Several research analysts have recently issued reports on the company. BidaskClub raised Rambus from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Zacks Investment Research downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine downgraded Rambus from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, Roth Capital lowered their price objective on Rambus from $18.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Rambus presently has a consensus rating of “Hold” and an average target price of $15.60.

Shares of RMBS stock opened at $8.57 on Friday. Rambus Inc. has a one year low of $8.39 and a one year high of $15.50. The company has a market capitalization of $966.10 million, a P/E ratio of 19.03, a P/E/G ratio of 1.23 and a beta of 0.14. The company has a current ratio of 3.53, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16.

Rambus 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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