Renaissance Technologies LLC grew its holdings in Rambus Inc. (NASDAQ:RMBS) by 28.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,231,286 shares of the semiconductor company’s stock after acquiring an additional 941,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Rambus were worth $60,169,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in Rambus by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 85,901 shares of the semiconductor company’s stock worth $981,000 after purchasing an additional 1,959 shares during the period. American International Group Inc. increased its stake in shares of Rambus by 5.4% during the third quarter. American International Group Inc. now owns 87,623 shares of the semiconductor company’s stock valued at $1,170,000 after buying an additional 4,471 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Rambus by 11.7% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 48,830 shares of the semiconductor company’s stock valued at $652,000 after buying an additional 5,126 shares during the period. Global X MANAGEMENT CO LLC increased its stake in shares of Rambus by 16.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 49,129 shares of the semiconductor company’s stock valued at $656,000 after buying an additional 6,952 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Rambus by 4.2% during the third quarter. Russell Investments Group Ltd. now owns 172,047 shares of the semiconductor company’s stock valued at $2,297,000 after buying an additional 6,995 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.
In related news, Director Charles Kissner sold 6,347 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $14.27, for a total transaction of $90,571.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Laura Stark sold 2,936 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.00, for a total value of $35,232.00. Following the sale, the senior vice president now directly owns 236,053 shares in the company, valued at approximately $2,832,636. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,925 shares of company stock worth $410,092. 2.00% of the stock is owned by corporate insiders.
Rambus Inc. (RMBS) opened at $13.85 on Tuesday. The company has a market capitalization of $1,529.08, a price-to-earnings ratio of 27.84, a PEG ratio of 2.13 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.76 and a current ratio of 2.80. Rambus Inc. has a 52 week low of $11.30 and a 52 week high of $15.50.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Rambus had a positive return on equity of 9.54% and a negative net margin of 4.70%. The company had revenue of $101.89 million for the quarter, compared to the consensus estimate of $101.25 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. analysts forecast that Rambus Inc. will post 0.66 EPS for the current year.
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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