Fulcrum Asset Management LLP Makes New $1.09 Million Investment in Rambus, Inc. $RMBS

Fulcrum Asset Management LLP bought a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the third quarter, Holdings Channel reports. The institutional investor bought 10,613 shares of the semiconductor company’s stock, valued at approximately $1,094,000.

Several other institutional investors and hedge funds have also bought and sold shares of RMBS. Danske Bank A S acquired a new stake in shares of Rambus in the 2nd quarter valued at about $27,000. Provenance Wealth Advisors LLC bought a new position in shares of Rambus in the third quarter valued at approximately $29,000. City State Bank purchased a new position in shares of Rambus in the 3rd quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Rambus in the second quarter valued at about $41,000. Finally, Western Wealth Management LLC purchased a new stake in Rambus in the first quarter worth $44,000. 88.54% of the stock is owned by institutional investors.

Rambus Price Performance

Rambus stock opened at $85.36 on Thursday. Rambus, Inc. has a one year low of $68.19 and a one year high of $174.10. The business’s fifty day moving average is $92.62 and its 200 day moving average is $106.70. The stock has a market capitalization of $9.14 billion, a PE ratio of 32.30 and a beta of 1.93.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. Rambus had a return on equity of 19.43% and a net margin of 33.40%. The firm had revenue of $218.29 million for the quarter, compared to the consensus estimate of $213.21 million. As a group, sell-side analysts expect that Rambus, Inc. will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RMBS. Glj Research set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research report on Wednesday, September 2nd. UBS Group set a $165.00 target price on shares of Rambus in a report on Tuesday, October 27th. Zacks Research raised shares of Rambus from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

About Rambus

Rambus Inc. develops semiconductor technology used to move and protect data in electronic systems. Its business includes memory-interface chips and silicon intellectual property licensed to semiconductor manufacturers and other technology companies. The company’s products include memory interface components for advanced memory systems, such as registered clock drivers and data buffers, as well as security technologies for applications including cryptography and hardware-based protection. These solutions serve markets such as data centers, computing, and consumer electronics.