320,040 Shares in Rambus, Inc. $RMBS Bought by Nykredit A S

Nykredit A S bought a new position in shares of Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 320,040 shares of the semiconductor company’s stock, valued at approximately $42,482,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of RMBS. Corient Private Wealth LP increased its stake in Rambus by 29.9% in the 2nd quarter. Corient Private Wealth LP now owns 5,607 shares of the semiconductor company’s stock worth $744,000 after acquiring an additional 1,289 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Rambus during the second quarter valued at $3,936,000. HB Wealth Management LLC bought a new position in Rambus in the 2nd quarter worth about $332,000. AlphaGrep UK Ltd purchased a new position in Rambus during the 2nd quarter worth $789,000. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in shares of Rambus by 19.4% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 22,274 shares of the semiconductor company’s stock valued at $2,957,000 after buying an additional 3,616 shares during the period. 88.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RMBS. Weiss Ratings restated 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. Rosenblatt Securities restated a “buy” rating and set a $165.00 price objective on shares of Rambus in a research note on Tuesday, July 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Rambus currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.88.

Rambus Trading Up 2.0%

Rambus stock opened at $87.60 on Friday. The stock has a market cap of $9.50 billion, a P/E ratio of 40.18 and a beta of 1.88. The company has a 50-day moving average price of $92.86 and a 200 day moving average price of $110.29. Rambus, Inc. has a 12-month low of $77.89 and a 12-month high of $174.10.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data 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. The firm had revenue of $207.39 million for the quarter, compared to analyst estimates of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. Rambus’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. As a group, analysts forecast that Rambus, Inc. will post 2.52 EPS for the current 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.