MetLife Investment Advisors LLC bought a new stake in Rambus Inc. (NASDAQ:RMBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,965 shares of the semiconductor company’s stock, valued at approximately $711,000.
A number of other large investors have also bought and sold shares of RMBS. Nationwide Fund Advisors increased its holdings in Rambus by 18.4% in the third quarter. Nationwide Fund Advisors now owns 88,226 shares of the semiconductor company’s stock valued at $1,178,000 after buying an additional 13,713 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Rambus by 4.2% in the third quarter. Russell Investments Group Ltd. now owns 172,047 shares of the semiconductor company’s stock valued at $2,297,000 after acquiring an additional 6,995 shares in the last quarter. SG Americas Securities LLC acquired a new position in Rambus in the third quarter valued at $315,000. American International Group Inc. boosted its stake in Rambus by 5.4% in the third quarter. American International Group Inc. now owns 87,623 shares of the semiconductor company’s stock valued at $1,170,000 after acquiring an additional 4,471 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Rambus by 3.3% in the third quarter. Legal & General Group Plc now owns 223,671 shares of the semiconductor company’s stock valued at $2,987,000 after acquiring an additional 7,187 shares in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. Deutsche Bank assumed coverage on shares of Rambus in a research note on Tuesday, March 27th. They issued a “buy” rating and a $17.00 price objective for the company. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. Benchmark restated a “buy” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. ValuEngine upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.41.
Shares of RMBS opened at $13.81 on Monday. Rambus Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The stock has a market cap of $1,523.15, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.80 and a quick ratio of 2.76.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.54%. The business had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. sell-side analysts anticipate that Rambus Inc. will post 0.66 EPS for the current year.
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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.
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