Oregon Public Employees Retirement Fund Has $683,000 Holdings in Rambus Inc. (NASDAQ:RMBS)

Share on StockTwits

Oregon Public Employees Retirement Fund lifted its position in shares of Rambus Inc. (NASDAQ:RMBS) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,922 shares of the semiconductor company’s stock after purchasing an additional 1,300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Rambus were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in RMBS. Marshall Wace LLP acquired a new stake in shares of Rambus during the 1st quarter worth approximately $46,000. UBS Group AG grew its holdings in shares of Rambus by 70.6% during the 4th quarter. UBS Group AG now owns 161,308 shares of the semiconductor company’s stock worth $2,222,000 after purchasing an additional 66,778 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Rambus by 272.6% during the 4th quarter. Bank of America Corp DE now owns 805,375 shares of the semiconductor company’s stock worth $11,094,000 after purchasing an additional 589,216 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Rambus by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 158,394 shares of the semiconductor company’s stock worth $2,182,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of Rambus by 2.9% during the 4th quarter. Mason Street Advisors LLC now owns 38,834 shares of the semiconductor company’s stock worth $535,000 after purchasing an additional 1,100 shares in the last quarter. 81.55% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Saturday, May 9th. BidaskClub lowered Rambus from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Roth Capital reaffirmed a “buy” rating on shares of Rambus in a research note on Tuesday, May 5th. Deutsche Bank boosted their price target on Rambus from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group boosted their price target on Rambus from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.05.

Rambus stock opened at $14.76 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.35 and a current ratio of 8.48. The firm has a market cap of $1.67 billion, a P/E ratio of -22.71, a P/E/G ratio of 1.18 and a beta of 0.98. The business’s fifty day moving average is $14.79 and its two-hundred day moving average is $14.09. Rambus Inc. has a 52 week low of $9.01 and a 52 week high of $16.98.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, May 4th. The semiconductor company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.30). The business had revenue of $63.99 million during the quarter, compared to analyst estimates of $72.50 million. Rambus had a negative return on equity of 2.53% and a negative net margin of 29.97%. Rambus’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities research analysts predict that Rambus Inc. will post 0.82 earnings per share for the current year.

In other news, CEO Luc Seraphin sold 4,333 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $14.02, for a total transaction of $60,748.66. Following the completion of the sale, the chief executive officer now owns 209,160 shares in the company, valued at $2,932,423.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 5,174 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $16.00, for a total value of $82,784.00. Following the sale, the senior vice president now owns 109,231 shares of the company’s stock, valued at approximately $1,747,696. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.

See Also: How Do You Calculate Return on Investment (ROI)?

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wynn Resorts, Limited  Shares Sold by Oregon Public Employees Retirement Fund
Wynn Resorts, Limited Shares Sold by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund Lowers Position in Cabot Oil & Gas Co.
Oregon Public Employees Retirement Fund Lowers Position in Cabot Oil & Gas Co.
Oregon Public Employees Retirement Fund Decreases Holdings in American Eagle Outfitters
Oregon Public Employees Retirement Fund Decreases Holdings in American Eagle Outfitters
Oregon Public Employees Retirement Fund Boosts Stock Holdings in 8×8, Inc.
Oregon Public Employees Retirement Fund Boosts Stock Holdings in 8×8, Inc.
Oregon Public Employees Retirement Fund Has $648,000 Stock Holdings in InterDigital Wireless Inc
Oregon Public Employees Retirement Fund Has $648,000 Stock Holdings in InterDigital Wireless Inc
Oregon Public Employees Retirement Fund Has $652,000 Position in Hub Group Inc
Oregon Public Employees Retirement Fund Has $652,000 Position in Hub Group Inc


© 2006-2020 Ticker Report