Rambus, Inc. $RMBS Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,421 shares of the semiconductor company's stock after acquiring an additional 1,226 shares during the period. California State Teachers Retirement System owned 0.12% of Rambus worth $16,648,384 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HB Wealth Management LLC bought a new position in shares of Rambus in the second quarter valued at $332,000. AlphaGrep UK Ltd purchased a new stake in shares of Rambus in the second quarter worth about $789,000. Nykredit A S bought a new position in shares of Rambus during the second quarter valued at about $53,986,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Rambus by 19.4% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 22,274 shares of the semiconductor company's stock worth $2,957,000 after purchasing an additional 3,616 shares in the last quarter. Finally, Tsfg LLC lifted its position in Rambus by 8.4% during the second quarter. Tsfg LLC now owns 5,316 shares of the semiconductor company's stock valued at $706,000 after purchasing an additional 410 shares during the period. 88.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RMBS shares. Benchmark restated a "buy" rating on shares of Rambus in a report on Tuesday, July 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of Rambus in a research note on Wednesday, September 2nd. Glj Research set a $165.00 price objective on shares of Rambus in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $165.00 price objective on shares of Rambus in a research report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $145.88.

Rambus Stock Performance

RMBS stock traded up $2.23 during midday trading on Tuesday, reaching $82.62. 822,122 shares of the company's stock traded hands, compared to its average volume of 2,588,974. The firm has a market capitalization of $8.96 billion, a PE ratio of 37.94 and a beta of 1.88. The company has a 50-day moving average price of $94.94 and a two-hundred day moving average price of $110.82. Rambus, Inc. has a 52 week low of $77.89 and a 52 week high of $174.10.

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, topping the consensus estimate 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 analysts' expectations of $199.30 million. During the same quarter last year, the company posted $0.53 EPS. The company's revenue was up 20.4% compared to the same quarter last year. As a group, analysts predict that Rambus, Inc. will post 2.52 EPS for the current fiscal year.

Rambus Profile

Rambus Inc NASDAQ: RMBS is a technology company that develops semiconductor and intellectual property solutions for the data-intensive computing market. Its business focuses on improving the performance, capacity, security and energy efficiency of memory and other components used in data centers, personal computers, networking equipment and other electronic systems.

The company offers memory interface chips and related products, including registered clock drivers, memory interface chips and power-management solutions designed for high-performance memory modules.

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