Nykredit A S Makes New Investment in Rambus, Inc. $RMBS

Nykredit A S purchased a new position in shares of Rambus, Inc. (NASDAQ:RMBS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 406,702 shares of the semiconductor company’s stock, valued at approximately $53,986,000.

Several other hedge funds and other institutional investors have also modified their holdings of RMBS. Krilogy Financial LLC raised its stake in Rambus by 3.8% during the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 81 shares during the last quarter. Oak Grove Capital LLC increased its holdings in shares of Rambus by 1.3% during the 4th 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 period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of 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 worth $2,213,000 after purchasing an additional 103 shares during the period. Balefire LLC raised its position 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 buying an additional 108 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Rambus by 3.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Trading Up 0.4%

RMBS stock opened at $84.72 on Thursday. Rambus, Inc. has a 1-year low of $72.45 and a 1-year high of $174.10. The business’s 50 day moving average is $100.45 and its 200-day moving average is $111.72. The firm has a market cap of $9.19 billion, a P/E ratio of 38.86 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, beating 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 analyst estimates of $199.30 million. During the same quarter in the previous year, the firm earned $0.53 EPS. Rambus’s quarterly revenue was up 20.4% on a year-over-year basis. Sell-side analysts forecast that Rambus, Inc. will post 2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About Rambus

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.