Swiss National Bank Buys 5,500 Shares of Rambus Inc. (NASDAQ:RMBS)

Swiss National Bank grew its stake in shares of Rambus Inc. (NASDAQ:RMBS – Get Rating) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 266,900 shares of the semiconductor company’s stock after acquiring an additional 5,500 shares during the quarter. Swiss National Bank owned about 0.25% of Rambus worth $9,560,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. bought a new stake in shares of Rambus during the 1st quarter worth $230,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Rambus by 78.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,230 shares of the semiconductor company’s stock worth $518,000 after buying an additional 7,142 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Rambus by 56.5% during the 1st quarter. MetLife Investment Management LLC now owns 59,397 shares of the semiconductor company’s stock worth $1,894,000 after buying an additional 21,446 shares during the last quarter. BlackRock Inc. lifted its position in shares of Rambus by 0.3% during the 1st quarter. BlackRock Inc. now owns 17,199,468 shares of the semiconductor company’s stock worth $548,492,000 after buying an additional 47,422 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Rambus during the 1st quarter worth $575,000. 85.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RMBS shares. Deutsche Bank Aktiengesellschaft upped their price objective on Rambus from $45.00 to $55.00 in a research report on Monday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Rambus in a report on Wednesday, April 5th. Susquehanna upped their target price on Rambus from $36.00 to $60.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. StockNews.com started coverage on Rambus in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their target price on Rambus from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.20.

Rambus Price Performance

NASDAQ RMBS opened at $52.59 on Wednesday. The business has a 50 day simple moving average of $47.24 and a 200 day simple moving average of $42.18. Rambus Inc. has a one year low of $20.00 and a one year high of $53.01. The stock has a market capitalization of $5.72 billion, a P/E ratio of 107.33 and a beta of 1.32.

Rambus (NASDAQ:RMBS – Get Rating) last released its earnings results on Monday, May 1st. The semiconductor company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.39). Rambus had a return on equity of 21.75% and a net margin of 11.76%. The business had revenue of $113.76 million for the quarter, compared to analyst estimates of $145.99 million. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts expect that Rambus Inc. will post 1.43 earnings per share for the current year.

Insider Buying and Selling

In other Rambus news, CEO Luc Seraphin sold 4,556 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $49.39, for a total value of $225,020.84. Following the transaction, the chief executive officer now owns 255,332 shares in the company, valued at $12,610,847.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 117,056 shares of company stock valued at $5,500,146 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Rambus Company Profile

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Rambus, Inc engages in the provision of cutting-edge semiconductor and Internet Protocol products, spanning memory and interfaces to security, smart sensors and lighting. Its products include Memory Interface Chips, Interface IP, and Security IP. The company was founded by P. Michael Farmwald and Mark A.