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.
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 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.
See Also: Insider Trading – What You Need to Know
Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus Inc. (NASDAQ:RMBS).
Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.