Public Employees Retirement System of Ohio Purchases Shares of 32,798 Rambus, Inc. $RMBS

Public Employees Retirement System of Ohio acquired a new position in shares of Rambus, Inc. (NASDAQ:RMBS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,798 shares of the semiconductor company’s stock, valued at approximately $4,354,000.

Other institutional investors have also recently modified their holdings of the company. Krilogy Financial LLC lifted its stake in Rambus by 3.8% in the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 81 shares in the last quarter. Oak Grove Capital LLC increased its position in Rambus by 1.3% during the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Rambus by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after acquiring an additional 103 shares during the last quarter. Balefire LLC raised its holdings in shares of Rambus by 3.8% in the first quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock worth $252,000 after acquiring an additional 108 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in shares of Rambus by 3.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 114 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Price Performance

Shares of RMBS stock opened at $84.72 on Thursday. The firm has a market cap of $9.19 billion, a P/E ratio of 38.86 and a beta of 1.88. Rambus, Inc. has a 1-year low of $72.45 and a 1-year high of $174.10. The firm’s 50-day simple moving average is $100.45 and its 200-day simple moving average is $111.72.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $207.39 million during the quarter, compared to the consensus estimate of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Analysts expect that Rambus, Inc. will post 2.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RMBS shares. Benchmark reaffirmed a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Glj Research set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.88.

Rambus Profile

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.