26,848 Shares in Rambus, Inc. $RMBS Purchased by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC bought a new position in Rambus, Inc. (NASDAQ:RMBS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,848 shares of the semiconductor company's stock, valued at approximately $3,564,000.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Rambus by 22,321.4% in the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company's stock valued at $488,000 after acquiring an additional 9,375 shares during the period. Empowered Funds LLC raised its position in shares of Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company's stock worth $1,178,000 after buying an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company's stock valued at $16,025,000 after buying an additional 19,120 shares during the period. Acadian Asset Management LLC bought a new stake in Rambus during the first quarter valued at $218,000. Finally, Quantbot Technologies LP purchased a new position in Rambus during the second quarter worth about $102,000. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Stock Down 1.0%

Shares of RMBS stock opened at $91.24 on Friday. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 41.85 and a beta of 1.88. The stock has a fifty day moving average of $108.07 and a 200 day moving average of $112.56. Rambus, Inc. has a 52 week low of $70.45 and a 52 week high of $174.10.

Rambus (NASDAQ:RMBS - Get Free Report) last issued its quarterly earnings data 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. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The business had revenue of $207.39 million for the quarter, compared to the consensus estimate of $199.30 million. During the same period in the previous year, the firm earned $0.53 EPS. The company's quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Glj Research set a $165.00 target price on Rambus in a research note on Tuesday, July 28th. Evercore reiterated an "outperform" rating and set a $172.00 price target on shares of Rambus in a research report on Tuesday, April 28th. Rosenblatt Securities reissued a "buy" rating and set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Wells Fargo & Company lifted their target price on shares of Rambus from $115.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird cut Rambus from an "outperform" rating to a "neutral" rating and set a $120.00 price objective on the stock. in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.78.

Insider Activity at Rambus

In related news, EVP Xianzhi Sean Fan sold 37,914 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the transaction, the executive vice president directly owned 168,358 shares of the company's stock, valued at $25,538,225.02. This represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Emiko Higashi sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total value of $1,605,000.00. Following the completion of the transaction, the director owned 49,519 shares of the company's stock, valued at approximately $7,947,799.50. The trade was a 16.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,914 shares of company stock worth $9,724,775 over the last ninety days. Corporate insiders own 0.75% of the company's stock.

About Rambus

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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