Rambus Inc. (NASDAQ:RMBS) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its position in Rambus Inc. (NASDAQ:RMBS) by 72.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,487 shares of the semiconductor company’s stock after selling 14,537 shares during the period. Marshall Wace LLP’s holdings in Rambus were worth $322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RMBS. American International Group Inc. increased its position in Rambus by 231.7% during the fourth quarter. American International Group Inc. now owns 198,577 shares of the semiconductor company’s stock worth $13,553,000 after purchasing an additional 138,714 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Rambus by 18.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 858,444 shares of the semiconductor company’s stock worth $58,589,000 after buying an additional 133,304 shares during the period. Wellington Management Group LLP grew its stake in Rambus by 120.4% during the fourth 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. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Rambus during the fourth quarter worth approximately $10,260,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Rambus in the fourth quarter valued at $232,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Up 3.8 %

RMBS stock opened at $44.05 on Friday. The firm’s 50-day simple moving average is $41.99 and its 200 day simple moving average is $52.50. The stock has a market cap of $4.75 billion, a PE ratio of 13.47 and a beta of 1.19. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Susquehanna decreased 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 report on Tuesday, September 10th.

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.