Cwm LLC Purchases 1,811 Shares of Rambus Inc. (NASDAQ:RMBS)

Cwm LLC lifted its position in Rambus Inc. (NASDAQ:RMBS) by 31.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,487 shares of the semiconductor company’s stock after acquiring an additional 1,811 shares during the period. Cwm LLC’s holdings in Rambus were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB purchased a new stake in Rambus in the first quarter worth $61,377,000. AQR Capital Management LLC grew its position in shares of Rambus by 559.7% in the 2nd quarter. AQR Capital Management LLC now owns 572,930 shares of the semiconductor company’s stock worth $33,133,000 after buying an additional 486,078 shares during the period. American Century Companies Inc. increased its stake in shares of Rambus by 63.8% in the 2nd 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 position in shares of Rambus in the 1st quarter worth about $20,277,000. Finally, Vanguard Group Inc. lifted its position in Rambus by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 11,651,114 shares of the semiconductor company’s stock valued at $720,155,000 after acquiring an additional 275,160 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of Rambus stock opened at $41.63 on Tuesday. The company has a 50-day simple moving average of $42.13 and a two-hundred day simple moving average of $51.47. The stock has a market capitalization of $4.48 billion, a PE ratio of 19.92 and a beta of 1.19. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $76.38.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $139.00 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Rambus’s revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts forecast that Rambus Inc. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Rambus

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.