14,638 Shares in Rambus, Inc. $RMBS Purchased by Susquehanna Fundamental Investments LLC

Key Points

• Susquehanna Fundamental Investments acquired 14,638 Rambus shares in the second quarter, valued at approximately $1.94 million. Institutional investors and hedge funds collectively own 88.54% of the company.
• Rambus shares opened at $84.40, down 2.6%, well below their 50-day and 200-day moving averages. The stock has traded between $70.90 and $174.10 over the past year.
• Rambus exceeded quarterly expectations, reporting adjusted EPS of $0.77 versus estimates of $0.72 and revenue of $207.39 million, up 20.4% year over year. Analysts maintain a consensus “Moderate Buy” rating with a $145.88 price target.

Susquehanna Fundamental Investments LLC acquired a new position in Rambus, Inc. (NASDAQ:RMBS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,638 shares of the semiconductor company's stock, valued at approximately $1,943,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in Rambus in the 2nd quarter worth about $1,853,645,000. Price T Rowe Associates Inc. MD increased its stake in Rambus by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,385,570 shares of the semiconductor company's stock valued at $494,881,000 after buying an additional 140,226 shares during the period. Invesco Ltd. raised its holdings in shares of Rambus by 70.6% during the fourth quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company's stock worth $381,220,000 after acquiring an additional 1,716,621 shares in the last quarter. Geode Capital Management LLC boosted its position in Rambus by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company's stock valued at $261,256,000 after purchasing an additional 94,214 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in Rambus by 38.5% in the first quarter. EdgePoint Investment Group Inc. now owns 1,947,742 shares of the semiconductor company's stock valued at $167,564,000 after purchasing an additional 541,056 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Down 2.6%

NASDAQ:RMBS opened at $84.40 on Wednesday. The company's 50 day moving average is $101.24 and its 200-day moving average is $111.80. Rambus, Inc. has a 12 month low of $70.90 and a 12 month high of $174.10. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 38.72 and a beta of 1.88.

Rambus (NASDAQ:RMBS - Get Free Report) last posted its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.05. The business had revenue of $207.39 million for the quarter, compared to analyst estimates of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. Rambus's revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Research analysts predict that Rambus, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RMBS shares. Rosenblatt Securities reiterated a "buy" rating and issued a $165.00 target price on shares of Rambus in a research note on Tuesday, July 28th. Weiss Ratings restated a "hold (c+)" rating on shares of Rambus in a report on Friday, June 5th. Glj Research set a $165.00 price objective on shares of Rambus in a research note on Tuesday, July 28th. Finally, Benchmark reaffirmed a "buy" rating on shares of Rambus in a research note on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Rambus presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.88.

Rambus Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.

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