Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Quantamental Technologies LLC

Quantamental Technologies LLC lifted its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,768 shares of the semiconductor company’s stock after acquiring an additional 1,067 shares during the period. Quantamental Technologies LLC’s holdings in Rambus were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Rambus by 10.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 751,295 shares of the semiconductor company’s stock valued at $9,046,000 after purchasing an additional 70,131 shares during the period. Trexquant Investment LP bought a new position in shares of Rambus in the second quarter worth about $308,000. Bank of Montreal Can lifted its position in shares of Rambus by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 280,724 shares of the semiconductor company’s stock worth $3,380,000 after purchasing an additional 10,432 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Rambus by 29.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,063,050 shares of the semiconductor company’s stock worth $24,838,000 after purchasing an additional 474,400 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rambus during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 78.78% of the company’s stock.

In related news, Director Charles Kissner sold 3,723 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.08, for a total value of $44,973.84. Following the transaction, the director now directly owns 47,503 shares in the company, valued at $573,836.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Luc Seraphin sold 18,287 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $11.98, for a total transaction of $219,078.26. Following the completion of the transaction, the insider now owns 228,697 shares in the company, valued at $2,739,790.06. The disclosure for this sale can be found here. Insiders have sold a total of 23,909 shares of company stock valued at $288,312 over the last 90 days. Company insiders own 1.00% of the company’s stock.



A number of analysts have issued reports on RMBS shares. Citigroup raised their target price on Rambus from $13.10 to $15.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Co initiated coverage on shares of Rambus in a research note on Tuesday, May 14th. They issued an “outperform” rating and a $11.35 target price for the company. Zacks Investment Research upgraded Rambus from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. ValuEngine lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, BidaskClub cut shares of Rambus from a “buy” rating to a “hold” rating in a research report on Saturday, August 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $12.67.

Rambus stock traded up $0.04 during trading hours on Wednesday, hitting $13.09. The stock had a trading volume of 14,170 shares, compared to its average volume of 576,636. The business’s 50 day simple moving average is $12.33 and its 200-day simple moving average is $11.56. Rambus Inc. has a one year low of $7.17 and a one year high of $13.16. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 1.68 and a beta of 0.67. The company has a quick ratio of 7.48, a current ratio of 7.59 and a debt-to-equity ratio of 0.16.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.21). Rambus had a positive return on equity of 2.52% and a negative net margin of 35.34%. The business had revenue of $58.30 million for the quarter, compared to analyst estimates of $96.25 million. During the same quarter last year, the firm posted $0.21 EPS. Rambus’s revenue for the quarter was down 41.0% on a year-over-year basis. Research analysts anticipate that Rambus Inc. will post 0.75 EPS for the current fiscal year.

Rambus Profile

Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.

Read More: What is the Ex-Dividend Date in Investing?

Institutional Ownership by Quarter for Rambus (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.