Schwab Charles Investment Management Inc. grew its position in Rambus Inc. (NASDAQ:RMBS) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 613,535 shares of the semiconductor company’s stock after purchasing an additional 76,962 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Rambus were worth $8,725,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in Rambus by 9.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 822 shares during the period. Zions Bancorporation acquired a new stake in Rambus in the third quarter worth $122,000. Magnetar Financial LLC acquired a new stake in Rambus in the third quarter worth $145,000. LMR Partners LLP acquired a new stake in Rambus in the third quarter worth $192,000. Finally, SG Americas Securities LLC acquired a new stake in Rambus in the third quarter worth $315,000. Institutional investors own 80.28% of the company’s stock.
Several brokerages have recently issued reports on RMBS. BidaskClub downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Benchmark reissued a “buy” rating and set a $18.00 price objective (up previously from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Finally, ValuEngine raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.32.
In related news, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $14.73, for a total value of $73,650.00. Following the completion of the transaction, the director now owns 11,792 shares of the company’s stock, valued at $173,696.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Laura Stark sold 2,940 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $14.10, for a total transaction of $41,454.00. Following the completion of the transaction, the senior vice president now directly owns 199,673 shares of the company’s stock, valued at approximately $2,815,389.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,989 shares of company stock valued at $469,914. 2.00% of the stock is owned by insiders.
Shares of Rambus Inc. (NASDAQ:RMBS) opened at $13.31 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 2.76 and a debt-to-equity ratio of 0.30. Rambus Inc. has a 12-month low of $11.30 and a 12-month high of $15.50. The stock has a market cap of $1,396.16, a price-to-earnings ratio of -78.29, a PEG ratio of 1.94 and a beta of 0.50.
Rambus (NASDAQ:RMBS) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.54%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. research analysts expect that Rambus Inc. will post 0.66 EPS for the current fiscal year.
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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