Principal Financial Group Inc. lessened its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 835,921 shares of the semiconductor company’s stock after selling 27,811 shares during the quarter. Principal Financial Group Inc. owned about 0.76% of Rambus worth $11,160,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RMBS. Schwab Charles Investment Management Inc. grew its stake in Rambus by 8.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 446,331 shares of the semiconductor company’s stock worth $5,865,000 after buying an additional 36,097 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Rambus by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,500 shares of the semiconductor company’s stock worth $520,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC grew its stake in Rambus by 27.9% during the 2nd quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock worth $389,000 after buying an additional 7,419 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Rambus by 62.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 165,052 shares of the semiconductor company’s stock worth $1,887,000 after buying an additional 63,526 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Rambus by 3.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 160,309 shares of the semiconductor company’s stock worth $1,831,000 after buying an additional 5,080 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Rambus, Inc. (NASDAQ:RMBS) opened at $14.85 on Friday. Rambus, Inc. has a 12 month low of $11.30 and a 12 month high of $15.50. The firm has a market capitalization of $1,624.72, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. 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 announced its earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Rambus had a return on equity of 9.79% and a net margin of 2.54%. The company had revenue of $99.10 million for the quarter, compared to the consensus estimate of $99.00 million. During the same period last year, the business posted $0.16 EPS. The company’s revenue was up 10.2% on a year-over-year basis. equities research analysts predict that Rambus, Inc. will post 0.52 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Loop Capital restated a “buy” rating and set a $16.00 price target on shares of Rambus in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. TheStreet upgraded Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. BidaskClub downgraded Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Finally, Citigroup lifted their target price on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.98.

In other Rambus news, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $14.06, for a total value of $70,300.00. Following the transaction, the director now directly owns 53,045 shares in the company, valued at approximately $745,812.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Laura Stark sold 4,065 shares of Rambus stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $12.96, for a total value of $52,682.40. Following the completion of the transaction, the senior vice president now owns 207,221 shares in the company, valued at $2,685,584.16. The disclosure for this sale can be found here. Insiders sold a total of 29,647 shares of company stock worth $403,804 over the last quarter. Company insiders own 2.00% of the company’s stock.

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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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