Ameritas Investment Partners Inc. Has $1.98 Million Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Ameritas Investment Partners Inc. decreased its position in shares of Rambus Inc. (NASDAQ:RMBS) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,676 shares of the semiconductor company’s stock after selling 813 shares during the period. Ameritas Investment Partners Inc.’s holdings in Rambus were worth $1,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Rambus by 13.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,274 shares of the semiconductor company’s stock worth $1,520,000 after acquiring an additional 2,632 shares during the period. Norges Bank acquired a new position in shares of Rambus during the 4th quarter worth approximately $84,756,000. Coldstream Capital Management Inc. raised its position in shares of Rambus by 3.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,632 shares of the semiconductor company’s stock valued at $316,000 after buying an additional 173 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Rambus by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 131,600 shares of the semiconductor company’s stock valued at $8,982,000 after buying an additional 3,054 shares during the period. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Rambus in the fourth quarter valued at approximately $1,187,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Price Performance

Shares of RMBS opened at $38.58 on Friday. The firm has a 50 day simple moving average of $46.77 and a two-hundred day simple moving average of $54.53. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38. The company has a market cap of $4.16 billion, a P/E ratio of 11.80 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Susquehanna dropped their price objective on Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a report on Friday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Rambus 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.