Rambus Inc. (RMBS) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC grew its position in Rambus Inc. (NASDAQ:RMBS) by 58.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,819 shares of the semiconductor company’s stock after acquiring an additional 28,690 shares during the quarter. Global X Management Co. LLC’s holdings in Rambus were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation bought a new stake in shares of Rambus in the 3rd quarter valued at approximately $122,000. Ameritas Investment Partners Inc. increased its holdings in shares of Rambus by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 822 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Rambus in the 3rd quarter valued at approximately $145,000. Nine Chapters Capital Management LLC bought a new stake in shares of Rambus in the 3rd quarter valued at approximately $158,000. Finally, LMR Partners LLP bought a new stake in shares of Rambus in the 3rd quarter valued at approximately $192,000. Institutional investors and hedge funds own 80.25% of the company’s stock.
In related news, SVP Laura Stark sold 4,064 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $14.72, for a total transaction of $59,822.08. Following the completion of the transaction, the senior vice president now owns 200,797 shares in the company, valued at approximately $2,955,731.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric B. Stang sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $12.33, for a total value of $73,980.00. Following the transaction, the director now owns 11,792 shares of the company’s stock, valued at approximately $145,395.36. The disclosure for this sale can be found here. Insiders have sold a total of 40,989 shares of company stock valued at $574,214 in the last 90 days. Insiders own 2.00% of the company’s stock.
Rambus Inc. (NASDAQ RMBS) opened at $12.32 on Monday. Rambus Inc. has a 12-month low of $11.30 and a 12-month high of $15.50. The stock has a market capitalization of $1,352.47, a P/E ratio of 24.64, a P/E/G ratio of 1.88 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80.
Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. Rambus had a positive return on equity of 9.56% and a negative net margin of 4.70%. The business had revenue of $101.89 million during the quarter, compared to analyst estimates of $101.25 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities analysts forecast that Rambus Inc. will post 0.66 earnings per share for the current fiscal year.
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.
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