Natixis Advisors LLC Has $13.11 Million Stake in Rambus Inc. (NASDAQ:RMBS)

Natixis Advisors LLC raised its position in Rambus Inc. (NASDAQ:RMBS) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,027 shares of the semiconductor company’s stock after purchasing an additional 14,093 shares during the quarter. Natixis Advisors LLC owned 0.21% of Rambus worth $13,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of Rambus in the 1st quarter valued at about $28,000. Fifth Third Bancorp increased its position in shares of Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Blue Trust Inc. increased its position in shares of Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Rambus in the second quarter valued at about $87,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Rambus in the first quarter valued at about $90,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $40.66 on Thursday. Rambus Inc. has a 52 week low of $38.91 and a 52 week high of $76.38. The stock has a market capitalization of $4.38 billion, a P/E ratio of 12.43 and a beta of 1.19. The stock has a 50-day simple moving average of $52.46 and a 200 day simple moving average of $56.25.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). Rambus had a return on equity of 16.74% and a net margin of 48.31%. The business had revenue of $132.10 million for the quarter, compared to the consensus estimate of $139.00 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts forecast that Rambus Inc. will post 1.41 earnings per share for the current year.

Analysts Set New Price Targets

RMBS has been the topic of a number of recent research reports. Susquehanna lowered their target price on Rambus from $75.00 to $66.00 and set a “positive” rating on the stock in a research report on Friday, July 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.00 target price (up previously from $72.00) on shares of Rambus in a research report on Monday, May 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rambus presently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.