Aubrey Capital Management Ltd Invests $3.22 Million in Rambus, Inc. $RMBS

Aubrey Capital Management Ltd purchased a new position in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,300 shares of the semiconductor company's stock, valued at approximately $3,224,000. Rambus makes up 2.0% of Aubrey Capital Management Ltd's portfolio, making the stock its 23rd largest position.

A number of other hedge funds have also added to or reduced their stakes in the company. Krilogy Financial LLC lifted its holdings in shares of Rambus by 3.8% in the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company's stock worth $193,000 after acquiring an additional 81 shares during the last quarter. Oak Grove Capital LLC lifted its stake in Rambus by 1.3% in the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company's stock valued at $698,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Rambus by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company's stock valued at $2,213,000 after buying an additional 103 shares in the last quarter. Balefire LLC boosted its position in Rambus by 3.8% in the first quarter. Balefire LLC now owns 2,932 shares of the semiconductor company's stock valued at $252,000 after buying an additional 108 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of Rambus by 3.0% during the fourth quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company's stock worth $357,000 after buying an additional 114 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Insider Transactions at Rambus

In other news, Director Necip Sayiner sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value of $850,750.00. Following the transaction, the director owned 18,223 shares in the company, valued at approximately $3,100,643.45. The trade was a 21.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company's stock.

Analyst Ratings Changes

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

Rambus Trading Up 1.1%

NASDAQ RMBS opened at $86.69 on Tuesday. The business's 50-day moving average price is $102.11 and its two-hundred day moving average price is $111.91. Rambus, Inc. has a 12 month low of $70.90 and a 12 month high of $174.10. The firm has a market capitalization of $9.40 billion, a PE ratio of 39.77 and a beta of 1.88.

Rambus (NASDAQ:RMBS - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The company had revenue of $207.39 million during the quarter, compared to analysts' expectations of $199.30 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business's quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts forecast that Rambus, Inc. will post 2.52 earnings per share for the current fiscal year.

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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