Rambus, Inc. $RMBS Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,833 shares of the semiconductor company’s stock after acquiring an additional 55,528 shares during the period. Tidal Investments LLC’s holdings in Rambus were worth $24,004,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. One Capital Management LLC acquired a new stake in Rambus in the second quarter worth about $4,591,000. Engineers Gate Manager LP acquired a new stake in shares of Rambus in the 2nd quarter worth approximately $4,764,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Rambus in the 2nd quarter worth approximately $252,000. Baird Financial Group Inc. boosted its holdings in shares of Rambus by 5.7% in the second quarter. Baird Financial Group Inc. now owns 25,473 shares of the semiconductor company’s stock valued at $3,381,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Rambus by 8.8% in the second quarter. Allworth Financial LP now owns 1,847 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 150 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Rambus Price Performance

NASDAQ:RMBS opened at $85.35 on Friday. The stock has a market cap of $9.26 billion, a PE ratio of 39.15 and a beta of 1.88. The stock’s 50-day moving average is $96.11 and its two-hundred day moving average is $111.01. Rambus, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $174.10.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Wednesday, September 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $165.00 price target on shares of Rambus in a report on Tuesday, July 28th. Finally, Glj Research set a $165.00 price objective on shares of Rambus in a research note on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.88.

Rambus Profile

Rambus Inc (NASDAQ: RMBS) is a technology company that develops semiconductor and intellectual property solutions for the data-intensive computing market. Its business focuses on improving the performance, capacity, security and energy efficiency of memory and other components used in data centers, personal computers, networking equipment and other electronic systems.

The company offers memory interface chips and related products, including registered clock drivers, memory interface chips and power-management solutions designed for high-performance memory modules.