Cambiar Investors LLC Has $3.21 Million Stake in Rambus Inc. (RMBS)

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Cambiar Investors LLC cut its position in Rambus Inc. (NASDAQ:RMBS) by 31.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 307,402 shares of the semiconductor company’s stock after selling 144,042 shares during the quarter. Cambiar Investors LLC’s holdings in Rambus were worth $3,212,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. ETF Managers Group LLC raised its position in shares of Rambus by 9.8% in the 1st quarter. ETF Managers Group LLC now owns 10,658 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 949 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in Rambus by 4.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 25,786 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 1,073 shares in the last quarter. Arizona State Retirement System increased its position in Rambus by 0.7% during the 1st quarter. Arizona State Retirement System now owns 168,214 shares of the semiconductor company’s stock worth $1,758,000 after purchasing an additional 1,124 shares in the last quarter. Mason Street Advisors LLC increased its position in Rambus by 3.9% during the 1st quarter. Mason Street Advisors LLC now owns 35,020 shares of the semiconductor company’s stock worth $366,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Comerica Bank increased its position in Rambus by 1.4% during the 4th quarter. Comerica Bank now owns 105,262 shares of the semiconductor company’s stock worth $894,000 after purchasing an additional 1,454 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

RMBS stock opened at $11.09 on Thursday. The company has a market cap of $1.22 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.53 and a beta of 0.82. Rambus Inc. has a 1 year low of $7.17 and a 1 year high of $13.88. The company has a quick ratio of 7.75, a current ratio of 7.87 and a debt-to-equity ratio of 0.14.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, April 22nd. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.36). Rambus had a negative net margin of 25.04% and a positive return on equity of 5.11%. The business had revenue of $100.20 million during the quarter, compared to analyst estimates of $99.00 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. As a group, research analysts expect that Rambus Inc. will post 0.73 earnings per share for the current fiscal year.

In other Rambus news, insider Luc Seraphin sold 37,825 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $10.26, for a total value of $388,084.50. Following the completion of the transaction, the insider now directly owns 258,479 shares in the company, valued at approximately $2,651,994.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ellis Thomas Fisher sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $10.23, for a total transaction of $25,575.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,999 shares of company stock valued at $444,143. Corporate insiders own 1.00% of the company’s stock.

A number of research firms recently issued reports on RMBS. BidaskClub cut shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut shares of Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. TheStreet upgraded shares of Rambus from a “d+” rating to a “c-” rating in a research report on Friday, April 12th. Wells Fargo & Co began coverage on shares of Rambus in a research report on Tuesday, May 14th. They set an “outperform” rating and a $11.35 price objective for the company. Finally, ValuEngine upgraded shares of Rambus from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Rambus presently has an average rating of “Hold” and an average price target of $12.87.

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Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.

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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)

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