Baader Bank Aktiengesellschaft Makes New $1.15 Million Investment in Rambus, Inc. $RMBS

Baader Bank Aktiengesellschaft purchased a new position in shares of Rambus, Inc. (NASDAQ:RMBS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,042 shares of the semiconductor company’s stock, valued at approximately $1,149,000.

Several other large investors also recently modified their holdings of RMBS. NewEdge Advisors LLC lifted its position in Rambus by 22,321.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after buying an additional 9,375 shares in the last quarter. Empowered Funds LLC boosted its holdings in Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 5,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rambus by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock worth $16,025,000 after purchasing an additional 19,120 shares during the period. Acadian Asset Management LLC bought a new stake in Rambus during the 1st quarter worth about $218,000. Finally, US Bancorp DE raised its holdings in Rambus by 55.7% during the 2nd quarter. US Bancorp DE now owns 13,482 shares of the semiconductor company’s stock worth $863,000 after purchasing an additional 4,821 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors.

Rambus Trading Down 7.1%

RMBS opened at $99.38 on Thursday. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 47.10 and a beta of 1.53. Rambus, Inc. has a 1-year low of $40.12 and a 1-year high of $135.75. The company’s fifty day moving average price is $102.17 and its two-hundred day moving average price is $94.32.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The firm 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, equities analysts forecast that Rambus, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RMBS. Evercore cut their price target on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings cut shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Susquehanna cut their price target on Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Finally, Zacks Research raised Rambus to a “hold” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

About Rambus

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.