Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Creative Planning

Creative Planning boosted its position in Rambus Inc. (NASDAQ:RMBS) by 40.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,267 shares of the semiconductor company’s stock after purchasing an additional 10,772 shares during the period. Creative Planning’s holdings in Rambus were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Rambus during the 2nd quarter worth approximately $38,000. Fifth Third Bancorp lifted its holdings in Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 296 shares during the period. Blue Trust Inc. boosted its position in shares of Rambus by 240.6% during the 2nd quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 806 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Rambus during the 1st quarter worth $90,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Rambus in the second quarter valued at about $87,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RMBS. Susquehanna dropped their target price on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a report on Friday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research note on Tuesday.

Rambus Stock Performance

Rambus stock opened at $51.00 on Wednesday. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38. The stock has a fifty day moving average of $41.85 and a two-hundred day moving average of $50.84. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 24.40 and a beta of 1.19.

Rambus (NASDAQ:RMBS) last released its earnings results 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 firm had revenue of $132.10 million during 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%. Rambus’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. On average, analysts forecast that Rambus Inc. will post 1.41 EPS for the current fiscal year.

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.