Nykredit A S Purchases Shares of 320,040 Rambus, Inc. $RMBS

Key Points

• Nykredit A/S acquired 320,040 Rambus shares worth approximately $42.5 million, giving it a 0.30% stake. Institutional investors collectively own 88.54% of the company.
• Rambus exceeded quarterly expectations, reporting $0.77 in EPS versus the $0.72 consensus and $207.4 million in revenue, up 20.4% year over year.
• Analysts maintain a generally positive outlook, with six Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $145.88.

Nykredit A S acquired a new position in Rambus, Inc. (NASDAQ:RMBS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 320,040 shares of the semiconductor company's stock, valued at approximately $42,482,000. Nykredit A S owned about 0.30% of Rambus at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Danske Bank A S bought a new stake in Rambus in the 2nd quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Rambus in the 2nd quarter worth approximately $41,000. Western Wealth Management LLC bought a new stake in shares of Rambus in the 1st quarter worth approximately $44,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Rambus in the 2nd quarter valued at $46,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Rambus in the 2nd quarter valued at $49,000. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Trading Up 2.0%

RMBS opened at $87.60 on Friday. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 40.18 and a beta of 1.88. The stock has a fifty day simple moving average of $92.86 and a two-hundred day simple moving average of $110.29. Rambus, Inc. has a 12-month low of $77.89 and a 12-month high of $174.10.

Rambus (NASDAQ:RMBS - Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. The business's revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. On average, analysts predict that Rambus, Inc. will post 2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

RMBS has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Rambus in a research note on Wednesday, September 2nd. Glj Research set a $165.00 target price on Rambus in a research note on Tuesday, July 28th. Benchmark restated a "buy" rating on shares of Rambus in a report on Tuesday, July 28th. Finally, Rosenblatt Securities restated a "buy" rating and set a $165.00 price target 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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $145.88.

Rambus Company 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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