China Universal Asset Management Co. Ltd. Buys Shares of 8,000 Rambus, Inc. $RMBS

China Universal Asset Management Co. Ltd. purchased a new stake in Rambus, Inc. (NASDAQ:RMBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the semiconductor company’s stock, valued at approximately $834,000.

Other hedge funds have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in Rambus in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC raised its holdings in shares of Rambus by 162.5% in the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 260 shares during the last quarter. Abound Wealth Management purchased a new stake in shares of Rambus in the third quarter valued at $28,000. Bessemer Group Inc. boosted its stake in shares of Rambus by 105.8% during the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 238 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Rambus by 1,386.0% during the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 596 shares during the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Rambus in a research note on Tuesday, February 3rd. Weiss Ratings lowered shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Evercore cut their price target on Rambus from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, Cfra lowered Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.71.

Rambus Stock Performance

Shares of RMBS stock opened at $102.64 on Friday. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 48.64 and a beta of 1.53. Rambus, Inc. has a one year low of $40.12 and a one year high of $135.75. The company has a 50 day moving average price of $102.10 and a 200 day moving average price of $95.60.

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

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.