Maple Rock Capital Partners Inc. Makes New Investment in Rambus, Inc. $RMBS

Maple Rock Capital Partners Inc. purchased a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 342,600 shares of the semiconductor company’s stock, valued at approximately $45,477,000. Maple Rock Capital Partners Inc. owned approximately 0.32% of Rambus at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RMBS. Krilogy Financial LLC grew its holdings in shares of Rambus by 3.8% during the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 81 shares in the last quarter. Oak Grove Capital LLC lifted its stake in Rambus by 1.3% in the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in Rambus by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock valued at $2,213,000 after acquiring an additional 103 shares during the period. Balefire LLC boosted its stake in shares of Rambus by 3.8% during the first quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 108 shares during the period. Finally, Meeder Advisory Services Inc. grew its holdings in Rambus by 3.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock worth $357,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total value of $850,750.00. Following the transaction, the director directly owned 18,223 shares in the company, valued at $3,100,643.45. The trade was a 21.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RMBS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th. Glj Research set a $165.00 price objective on Rambus in a research report on Tuesday, July 28th. Benchmark restated a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research report on Friday, June 5th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.88.

Rambus Stock Up 1.1%

Shares of RMBS stock opened at $86.69 on Tuesday. Rambus, Inc. has a 52 week low of $70.90 and a 52 week high of $174.10. The company has a 50 day moving average price of $102.11 and a 200-day moving average price of $111.91. The firm has a market capitalization of $9.40 billion, a PE ratio of 39.77 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The business had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $199.30 million. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current year.

Rambus Company Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.