Vanguard Group Inc. Acquires 140,948 Shares of Rambus, Inc. $RMBS

Vanguard Group Inc. grew its holdings in Rambus, Inc. (NASDAQ:RMBS) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,701,773 shares of the semiconductor company’s stock after purchasing an additional 140,948 shares during the quarter. Vanguard Group Inc. owned about 11.80% of Rambus worth $1,323,525,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RMBS. Steigerwald Gordon & Koch Inc. bought a new position in shares of Rambus in the third quarter valued at about $25,000. True Wealth Design LLC increased its position in Rambus by 162.5% in the 2nd quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 260 shares in the last quarter. Abound Wealth Management bought a new position in shares of Rambus in the third quarter worth about $28,000. Bessemer Group Inc. lifted its position in shares of Rambus by 105.8% during the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 238 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Rambus by 1,386.0% during the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 596 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RMBS. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Rambus in a research report on Tuesday, February 3rd. William Blair began coverage on shares of Rambus in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Wells Fargo & Company lifted their price objective on Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Zacks Research upgraded Rambus to a “hold” rating in a report on Monday, January 26th. Finally, Susquehanna reduced their target price on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Rambus has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

Rambus Trading Down 1.4%

NASDAQ:RMBS opened at $102.64 on Friday. Rambus, Inc. has a 1 year low of $40.12 and a 1 year high of $135.75. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 48.64 and a beta of 1.53. The stock has a 50-day moving average price of $102.10 and a two-hundred day moving average price of $95.60.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. Rambus had a return on equity of 17.69% and a net margin of 32.57%.The company had revenue of $190.24 million for the quarter, compared to analyst estimates of $188.21 million. Sell-side analysts forecast that Rambus, Inc. will post 1.89 earnings per share for the current year.

About Rambus

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.