Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its position in Rambus Inc. (NASDAQ:RMBS) by 255.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,061 shares of the semiconductor company’s stock after acquiring an additional 2,920 shares during the period. Blue Trust Inc.’s holdings in Rambus were worth $171,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Rambus by 2.4% in the first quarter. Vanguard Group Inc. now owns 11,651,114 shares of the semiconductor company’s stock worth $720,155,000 after acquiring an additional 275,160 shares during the period. Hood River Capital Management LLC increased its stake in shares of Rambus by 5.7% during the second quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company’s stock worth $127,248,000 after purchasing an additional 116,976 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Rambus by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,798,485 shares of the semiconductor company’s stock worth $105,673,000 after purchasing an additional 158,259 shares in the last quarter. Swedbank AB increased its stake in shares of Rambus by 12.5% during the third quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company’s stock worth $73,589,000 after purchasing an additional 193,150 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Rambus by 16.3% during the first quarter. Captrust Financial Advisors now owns 1,258,976 shares of the semiconductor company’s stock worth $77,817,000 after purchasing an additional 176,103 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Ratings Changes

RMBS has been the subject of a number of research reports. Susquehanna cut their target price on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a research note on Friday, July 26th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Rambus in a research note on Tuesday, September 10th.

Rambus Trading Up 3.5 %

Shares of NASDAQ RMBS opened at $43.50 on Friday. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38. The stock has a market cap of $4.68 billion, a PE ratio of 20.81 and a beta of 1.19. The company has a 50-day moving average of $41.89 and a 200 day moving average of $51.02.

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

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.