Rambus, Inc. $RMBS Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,928,697 shares of the semiconductor company’s stock after purchasing an additional 11,024 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of Rambus worth $200,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Rambus by 19.0% in the third quarter. Farther Finance Advisors LLC now owns 1,045 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 167 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Rambus by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,363 shares of the semiconductor company’s stock worth $907,000 after buying an additional 187 shares during the last quarter. CI Investments Inc. lifted its holdings in Rambus by 39.5% during the 3rd quarter. CI Investments Inc. now owns 661 shares of the semiconductor company’s stock worth $69,000 after buying an additional 187 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its position in shares of Rambus by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 41,851 shares of the semiconductor company’s stock worth $4,361,000 after acquiring an additional 188 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Rambus by 0.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,400 shares of the semiconductor company’s stock worth $2,334,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RMBS shares. Susquehanna cut their target price on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. William Blair started coverage on Rambus in a report on Thursday, January 22nd. They issued an “outperform” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Rambus in a research note on Tuesday, February 3rd. Weiss Ratings upgraded shares of Rambus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Cfra cut shares of Rambus from a “hold” rating to a “moderate sell” rating in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $105.71.

Rambus Stock Performance

Shares of RMBS stock opened at $88.12 on Monday. The stock’s 50-day moving average is $102.39 and its two-hundred day moving average is $97.47. Rambus, Inc. has a 1 year low of $40.12 and a 1 year high of $135.75. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 41.76 and a beta of 1.55.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $190.24 million during the quarter, compared to the consensus estimate of $188.21 million. Rambus had a return on equity of 17.69% and a net margin of 32.57%. As a group, research analysts predict that Rambus, Inc. will post 1.89 EPS for the current year.

Insider Activity at Rambus

In other news, CFO Desmond Lynch sold 4,273 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total value of $433,837.69. Following the completion of the sale, the chief financial officer directly owned 63,618 shares of the company’s stock, valued at approximately $6,459,135.54. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Luc Seraphin sold 39,914 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $98.63, for a total transaction of $3,936,717.82. Following the transaction, the chief executive officer owned 331,070 shares in the company, valued at approximately $32,653,434.10. This trade represents a 10.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Rambus Company 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.