Rambus, Inc. $RMBS Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its Rambus stake by 44.3% in the second quarter, acquiring 55,528 additional shares and bringing its holdings to 180,833 shares valued at approximately $24 million. Institutional investors collectively own 88.54% of RMBS.
• Rambus reported quarterly EPS of $0.77, beating estimates of $0.72, while revenue reached $207.39 million and rose 20.4% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $145.88, despite the stock opening at $85.35 and trading well below its 12-month high of $174.10.

Tidal Investments LLC lifted its holdings in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 44.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 180,833 shares of the semiconductor company's stock after acquiring an additional 55,528 shares during the quarter. Tidal Investments LLC owned 0.17% of Rambus worth $24,004,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RMBS. Krilogy Financial LLC boosted its holdings in Rambus by 3.8% in the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company's stock valued at $193,000 after purchasing an additional 81 shares during the last quarter. Oak Grove Capital LLC increased its holdings in Rambus by 1.3% during the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company's stock worth $698,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Rambus by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company's stock valued at $2,213,000 after purchasing an additional 103 shares in the last quarter. Balefire LLC raised its position in shares of Rambus by 3.8% in the 1st quarter. Balefire LLC now owns 2,932 shares of the semiconductor company's stock valued at $252,000 after purchasing an additional 108 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in shares of Rambus by 3.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company's stock valued at $357,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Rambus Price Performance

Shares of RMBS opened at $85.35 on Friday. The company has a market cap of $9.26 billion, a P/E ratio of 39.15 and a beta of 1.88. The stock has a fifty day moving average price of $96.11 and a 200 day moving average price of $111.01. Rambus, Inc. has a 12 month low of $77.85 and a 12 month high of $174.10.

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 company had revenue of $207.39 million for the quarter, compared to analysts' expectations of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. As a group, research analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

RMBS has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating on shares of Rambus in a research note on Tuesday, July 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. Glj Research set a $165.00 target price on shares of Rambus in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Rambus in a research report on Wednesday, September 2nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $145.88.

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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