Cambiar Investors LLC Has $4.53 Million Position in Rambus Inc. (RMBS)
Cambiar Investors LLC cut its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 361,573 shares of the semiconductor company’s stock after selling 86,584 shares during the period. Cambiar Investors LLC owned approximately 0.34% of Rambus worth $4,534,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of RMBS. BlackRock Inc. lifted its holdings in Rambus by 2.7% during the first quarter. BlackRock Inc. now owns 14,052,181 shares of the semiconductor company’s stock worth $188,722,000 after acquiring an additional 373,408 shares in the last quarter. Millennium Management LLC lifted its holdings in Rambus by 14.5% during the fourth quarter. Millennium Management LLC now owns 1,785,638 shares of the semiconductor company’s stock worth $25,392,000 after acquiring an additional 225,529 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Rambus by 30.3% during the fourth quarter. Two Sigma Advisers LP now owns 771,209 shares of the semiconductor company’s stock worth $10,967,000 after acquiring an additional 179,123 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Rambus during the first quarter worth about $1,942,000. Finally, JPMorgan Chase & Co. lifted its holdings in Rambus by 31.4% during the first quarter. JPMorgan Chase & Co. now owns 595,619 shares of the semiconductor company’s stock worth $7,998,000 after acquiring an additional 142,399 shares in the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.
RMBS has been the topic of several recent analyst reports. Deutsche Bank initiated coverage on Rambus in a report on Tuesday, March 27th. They set a “buy” rating and a $17.00 target price on the stock. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, May 11th. BidaskClub upgraded Rambus from a “sell” rating to a “hold” rating in a report on Friday, May 4th. Finally, Credit Suisse Group initiated coverage on Rambus in a report on Tuesday, May 29th. They set a “neutral” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.24.
Rambus opened at $13.18 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.40 and a current ratio of 3.44. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.93 and a beta of 0.46. Rambus Inc. has a 1-year low of $11.85 and a 1-year high of $15.50.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.31). The firm had revenue of $100.50 million during the quarter, compared to the consensus estimate of $97.00 million. Rambus had a negative net margin of 17.65% and a positive return on equity of 8.46%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. analysts predict that Rambus Inc. will post 0.67 earnings per share for the current year.
Rambus Company Profile
Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.
Featured Article: What does relative strength index mean?
Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus Inc. (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.