Diversified Trust Co Buys 1,106 Shares of Rambus Inc. (NASDAQ:RMBS)

Diversified Trust Co grew its stake in Rambus Inc. (NASDAQ:RMBS) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,049 shares of the semiconductor company’s stock after acquiring an additional 1,106 shares during the period. Diversified Trust Co’s holdings in Rambus were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Rambus by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 11,651,114 shares of the semiconductor company’s stock worth $720,155,000 after buying an additional 275,160 shares during the period. Wellington Management Group LLP grew its position in shares of Rambus by 120.4% during the 4th quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock worth $268,490,000 after buying an additional 2,149,396 shares during the period. Hood River Capital Management LLC grew its position in shares of Rambus by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company’s stock worth $127,248,000 after buying an additional 116,976 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Rambus by 9.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,798,485 shares of the semiconductor company’s stock worth $105,673,000 after buying an additional 158,259 shares during the period. Finally, Swedbank AB grew its position in shares of Rambus by 56.1% during the 2nd quarter. Swedbank AB now owns 1,549,850 shares of the semiconductor company’s stock worth $91,069,000 after buying an additional 556,850 shares during the period. 88.54% of the stock is owned by institutional investors.

Rambus Stock Up 0.3 %

Shares of Rambus stock opened at $41.17 on Wednesday. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.59 and a beta of 1.19. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38. The firm’s 50-day moving average price is $42.22 and its two-hundred day moving average price is $52.64.

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

Analyst Upgrades and Downgrades

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

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.