The Manufacturers Life Insurance Company increased its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,901 shares of the semiconductor company’s stock after acquiring an additional 1,959 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Rambus worth $981,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RMBS. BlackRock Inc. grew its position in shares of Rambus by 17,759.2% during the 1st quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock valued at $189,990,000 after acquiring an additional 14,377,880 shares during the period. Renaissance Technologies LLC grew its position in shares of Rambus by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock valued at $33,245,000 after acquiring an additional 832,386 shares during the period. Teachers Advisors LLC grew its position in shares of Rambus by 420.9% during the 1st quarter. Teachers Advisors LLC now owns 928,813 shares of the semiconductor company’s stock valued at $12,205,000 after acquiring an additional 750,499 shares during the period. Vanguard Group Inc. grew its position in shares of Rambus by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 9,847,561 shares of the semiconductor company’s stock valued at $129,396,000 after acquiring an additional 513,316 shares during the period. Finally, State Street Corp grew its position in shares of Rambus by 8.6% during the 1st quarter. State Street Corp now owns 2,964,695 shares of the semiconductor company’s stock valued at $38,956,000 after acquiring an additional 233,572 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.

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RMBS has been the topic of a number of analyst reports. TheStreet upgraded Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, October 27th. Citigroup Inc. raised their target price on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Loop Capital restated a “buy” rating and set a $19.00 target price (up from $16.00) on shares of Rambus in a research report on Tuesday, October 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $14.00 target price (up from $13.50) on shares of Rambus in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.98.

Rambus, Inc. (RMBS) opened at $14.61 on Tuesday. The firm has a market cap of $1,589.59, a PE ratio of 28.96, a P/E/G ratio of 2.76 and a beta of 0.76. Rambus, Inc. has a 12 month low of $11.30 and a 12 month high of $14.90. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.06.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $99.10 million for the quarter, compared to analyst estimates of $99.00 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. Rambus’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. equities analysts anticipate that Rambus, Inc. will post 0.52 earnings per share for the current fiscal year.

In related news, SVP Laura Stark sold 4,065 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $12.96, for a total value of $52,682.40. Following the transaction, the senior vice president now directly owns 207,221 shares of the company’s stock, valued at approximately $2,685,584.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Penny Herscher sold 6,437 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.44, for a total transaction of $86,513.28. The disclosure for this sale can be found here. Insiders sold a total of 26,710 shares of company stock worth $361,276 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Rambus Profile

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.

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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