Rambus Inc. (NASDAQ:RMBS) Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,798,485 shares of the semiconductor company’s stock after purchasing an additional 158,259 shares during the quarter. Dimensional Fund Advisors LP owned about 1.67% of Rambus worth $105,673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RMBS. Wellington Management Group LLP raised its position in Rambus by 120.4% in the fourth quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock worth $268,490,000 after acquiring an additional 2,149,396 shares in the last quarter. Swedbank AB bought a new stake in Rambus in the first quarter worth about $61,377,000. American Century Companies Inc. raised its position in Rambus by 63.8% in the second quarter. American Century Companies Inc. now owns 1,053,377 shares of the semiconductor company’s stock worth $61,897,000 after acquiring an additional 410,332 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Rambus in the first quarter worth about $20,277,000. Finally, Vanguard Group Inc. raised its position in 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 in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Rambus Price Performance

RMBS opened at $38.58 on Tuesday. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38. The firm has a market capitalization of $4.16 billion, a P/E ratio of 11.80 and a beta of 1.19. The stock has a fifty day moving average of $46.24 and a 200-day moving average of $54.28.

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

Analyst Upgrades and Downgrades

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