Headlands Technologies LLC Purchases New Stake in Rambus Inc. (NASDAQ:RMBS)

Headlands Technologies LLC acquired a new position in Rambus Inc. (NASDAQ:RMBS) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 4,948 shares of the semiconductor company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RMBS. Rise Advisors LLC acquired a new position in shares of Rambus during the 1st quarter worth $28,000. Fifth Third Bancorp boosted its holdings in Rambus by 68.7% during the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after buying an additional 296 shares in the last quarter. Blue Trust Inc. grew its position in Rambus by 240.6% during the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock worth $71,000 after buying an additional 806 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Rambus in the second quarter valued at about $87,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Rambus during the 1st quarter valued at approximately $90,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Up 3.2 %

Shares of RMBS stock opened at $40.87 on Friday. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38. The stock has a market cap of $4.40 billion, a P/E ratio of 12.50 and a beta of 1.19. The business has a fifty day simple moving average of $49.39 and a 200-day simple moving average of $55.32.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). Rambus had a net margin of 48.31% and a return on equity of 16.74%. The firm had revenue of $132.10 million during the quarter, compared to analysts’ expectations of $139.00 million. During the same quarter in the prior year, the business earned $0.36 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Rambus Inc. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RMBS. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Rambus in a report on Tuesday. Susquehanna decreased their target price on Rambus from $75.00 to $66.00 and set a “positive” rating on the stock in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Rambus presently has an average rating of “Moderate Buy” and a consensus price target of $77.75.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.