UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Rambus, Inc. $RMBS

Key Points

• UBS Asset Management increased its Rambus stake by 20.1% in the second quarter, adding 48,416 shares for a total of 289,022 shares valued at approximately $38.4 million.
• 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.
• Rambus exceeded quarterly expectations with adjusted earnings of $0.77 per share and revenue of $207.4 million, up 20.4% year over year; shares recently traded at $84.34, well below their 52-week high of $174.10.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 20.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,022 shares of the semiconductor company's stock after buying an additional 48,416 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Rambus worth $38,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Krilogy Financial LLC increased its holdings in shares of Rambus by 3.8% in the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company's stock valued at $193,000 after acquiring an additional 81 shares during the last quarter. Oak Grove Capital LLC lifted its position in shares of 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 buying an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings 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 buying an additional 103 shares in the last quarter. Balefire LLC boosted its holdings 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 buying an additional 108 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its position in shares of Rambus by 3.0% in 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. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RMBS shares. Glj Research set a $165.00 price target on shares of Rambus in a research report on Tuesday, July 28th. Benchmark reiterated a "buy" rating on shares of Rambus in a research report on Tuesday, July 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of Rambus in a report on Friday, June 5th. Finally, Rosenblatt Securities restated a "buy" rating and set a $165.00 price target on shares of Rambus in a research note 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $145.88.

Rambus Price Performance

Shares of NASDAQ:RMBS opened at $84.34 on Friday. The stock has a market cap of $9.15 billion, a P/E ratio of 38.69 and a beta of 1.88. The firm has a fifty day moving average price of $99.66 and a 200 day moving average price of $111.60. Rambus, Inc. has a 1-year low of $72.45 and a 1-year high of $174.10.

Rambus (NASDAQ:RMBS - Get Free Report) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.77 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 during the quarter, compared to analysts' expectations of $199.30 million. During the same period in the prior year, the company earned $0.53 earnings per share. The business's revenue was up 20.4% compared to the same quarter last year. Sell-side analysts expect that Rambus, Inc. will post 2.52 EPS for the current fiscal year.

Rambus Profile

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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