Susquehanna Fundamental Investments LLC Invests $1.94 Million in Rambus, Inc. $RMBS

Susquehanna Fundamental Investments LLC acquired a new stake in Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,638 shares of the semiconductor company’s stock, valued at approximately $1,943,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC increased its position in Rambus by 22,321.4% during the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after acquiring an additional 9,375 shares during the period. Empowered Funds LLC boosted its holdings in Rambus by 34.1% in the 1st quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 5,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Rambus by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock valued at $16,025,000 after purchasing an additional 19,120 shares during the period. Acadian Asset Management LLC acquired a new stake in Rambus in the 1st quarter worth $218,000. Finally, Quantbot Technologies LP acquired a new stake in Rambus in the 2nd quarter worth $102,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

RMBS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research report on Friday, June 5th. Benchmark reissued a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Rosenblatt Securities restated a “buy” rating and set a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th. Finally, Glj Research set a $165.00 price target on Rambus in a report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Rambus currently has a consensus rating of “Moderate Buy” and an average target price of $145.88.

Rambus Price Performance

RMBS opened at $84.40 on Wednesday. The company has a market capitalization of $9.15 billion, a P/E ratio of 38.72 and a beta of 1.88. The firm’s fifty day moving average price is $101.24 and its two-hundred day moving average price is $111.80. Rambus, Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $174.10.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $207.39 million during the quarter, compared to analysts’ expectations of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. On average, equities research analysts expect that Rambus, Inc. will post 2.52 EPS for the current fiscal 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.