Rhumbline Advisers grew its position in shares of Rambus Inc. (NASDAQ:RMBS) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,030 shares of the semiconductor company’s stock after buying an additional 34,513 shares during the quarter. Rhumbline Advisers’ holdings in Rambus were worth $3,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its holdings in shares of Rambus by 58.4% during the 4th quarter. Global X Management Co. LLC now owns 77,819 shares of the semiconductor company’s stock valued at $1,107,000 after buying an additional 28,690 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Rambus by 37.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 53,220 shares of the semiconductor company’s stock worth $710,000 after purchasing an additional 14,448 shares during the period. Global X MANAGEMENT CO LLC raised its holdings in Rambus by 16.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 49,129 shares of the semiconductor company’s stock worth $656,000 after purchasing an additional 6,952 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Rambus by 47.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 55,559 shares of the semiconductor company’s stock worth $742,000 after purchasing an additional 17,954 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in Rambus by 9.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock worth $50,774,000 after purchasing an additional 329,930 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.
Rambus Inc. (NASDAQ RMBS) opened at $13.60 on Wednesday. Rambus Inc. has a twelve month low of $11.30 and a twelve month high of $15.50. The company has a market capitalization of $1,500.00, a price-to-earnings ratio of -680.00, a P/E/G ratio of 2.13 and a beta of 0.50. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.30.
A number of equities analysts recently commented on the company. BidaskClub cut Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research cut Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of Rambus in a report on Thursday, January 25th. Finally, ValuEngine raised Rambus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Rambus has a consensus rating of “Hold” and a consensus price target of $16.32.
In other Rambus news, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $14.73, for a total transaction of $73,650.00. Following the sale, the director now directly owns 11,792 shares of the company’s stock, valued at $173,696.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Laura Stark sold 2,940 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $14.10, for a total value of $41,454.00. Following the sale, the senior vice president now directly owns 199,673 shares in the company, valued at $2,815,389.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,925 shares of company stock worth $410,092. Insiders own 2.00% of the company’s stock.
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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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