Ferris Capital LLC decreased its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,679 shares of the semiconductor company’s stock after selling 5,000 shares during the period. Ferris Capital LLC’s holdings in Rambus were worth $503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RMBS. Louisiana State Employees Retirement System boosted its stake in shares of Rambus by 0.4% during the second 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 period. Aperio Group LLC boosted its stake in shares of Rambus by 27.9% during the second 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 period. Russell Investments Group Ltd. boosted its stake in shares of Rambus by 62.6% during the second 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 period. Great West Life Assurance Co. Can boosted its stake in shares of Rambus by 3.3% during the second 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 period. Finally, Texas Permanent School Fund boosted its stake in shares of Rambus by 1.3% during the second quarter. Texas Permanent School Fund now owns 81,574 shares of the semiconductor company’s stock worth $932,000 after buying an additional 1,082 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

In related news, SVP Laura Stark sold 4,065 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $12.96, for a total transaction of $52,682.40. Following the completion of the transaction, the senior vice president now directly owns 207,221 shares of the company’s stock, valued at $2,685,584.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jae Kim sold 7,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $14.90, for a total transaction of $104,300.00. Following the transaction, the senior vice president now directly owns 99,580 shares of the company’s stock, valued at $1,483,742. The disclosure for this sale can be found here. Insiders have sold 36,647 shares of company stock valued at $508,104 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Rambus, Inc. (NASDAQ:RMBS) opened at $14.75 on Wednesday. The stock has a market cap of $1,617.03, a PE ratio of 29.46, a P/E/G ratio of 2.81 and a beta of 0.75. Rambus, Inc. has a 1-year low of $11.30 and a 1-year high of $15.50. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06.

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

Several brokerages have recently weighed in on RMBS. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. TheStreet upgraded shares of Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. J P Morgan Chase & Co downgraded shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Friday, September 22nd. Finally, Citigroup increased their price target on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Rambus has an average rating of “Hold” and an average price target of $15.98.

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Rambus Company 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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