Rambus, Inc. (RMBS) Holdings Held by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System continued to hold its stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,563 shares of the semiconductor company’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.09% of Rambus worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in Rambus by 56.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 37,605 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 13,557 shares during the last quarter. Legal & General Group Plc raised its holdings in Rambus by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 216,484 shares of the semiconductor company’s stock worth $2,475,000 after purchasing an additional 23,686 shares during the last quarter. Arizona State Retirement System raised its holdings in Rambus by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 58,300 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 400 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Rambus by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 482,936 shares of the semiconductor company’s stock worth $5,520,000 after purchasing an additional 36,605 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Rambus during the 2nd quarter worth about $137,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on RMBS shares. Loop Capital reissued a “buy” rating and set a $16.00 price objective on shares of Rambus in a report on Tuesday, August 22nd. BidaskClub raised Rambus from a “strong sell” rating to a “sell” rating in a report on Saturday, July 8th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price objective (up from $13.50) on shares of Rambus in a report on Tuesday, July 25th. Zacks Investment Research cut Rambus from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, TheStreet cut Rambus from a “b-” rating to a “c+” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.63.

In other news, Director David A. Shrigley sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $12.98, for a total transaction of $64,900.00. Following the completion of the transaction, the director now directly owns 46,253 shares in the company, valued at $600,363.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Laura Stark sold 3,491 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $12.90, for a total value of $45,033.90. Following the transaction, the senior vice president now owns 208,474 shares of the company’s stock, valued at $2,689,314.60. The disclosure for this sale can be found here. Insiders have sold 60,348 shares of company stock valued at $769,258 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/09/21/rambus-inc-rmbs-holdings-held-by-state-board-of-administration-of-florida-retirement-system.html.

Shares of Rambus, Inc. (NASDAQ:RMBS) opened at 13.35 on Thursday. Rambus, Inc. has a 52 week low of $11.30 and a 52 week high of $14.39. The stock has a 50 day moving average price of $12.90 and a 200-day moving average price of $12.59. The company has a market capitalization of $1.46 billion, a PE ratio of 222.50 and a beta of 0.91.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The company had revenue of $94.70 million during the quarter, compared to the consensus estimate of $93.00 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 23.8% compared to the same quarter last year. Equities research analysts expect that Rambus, Inc. will post $0.65 EPS for the current year.

Rambus Profile

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus, Inc. (NASDAQ:RMBS).

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

Receive News & Ratings for Rambus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply