SG Americas Securities LLC purchased a new stake in Rambus, Inc. (NASDAQ:RMBS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,588 shares of the semiconductor company’s stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RMBS. Renaissance Technologies LLC raised its stake in Rambus by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock valued at $33,245,000 after acquiring an additional 832,386 shares during the period. Vanguard Group Inc. increased its position in Rambus by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 10,036,227 shares of the semiconductor company’s stock worth $114,714,000 after buying an additional 188,666 shares during the period. Quantbot Technologies LP increased its position in Rambus by 1,423.8% during the 2nd quarter. Quantbot Technologies LP now owns 199,719 shares of the semiconductor company’s stock worth $2,282,000 after buying an additional 186,612 shares during the period. State Street Corp increased its position in Rambus by 4.0% during the 2nd quarter. State Street Corp now owns 3,084,528 shares of the semiconductor company’s stock worth $35,256,000 after buying an additional 119,833 shares during the period. Finally, GSA Capital Partners LLP increased its position in Rambus by 523.6% during the 2nd quarter. GSA Capital Partners LLP now owns 137,897 shares of the semiconductor company’s stock worth $1,576,000 after buying an additional 115,784 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Several research firms have weighed in on RMBS. BidaskClub cut Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Loop Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research cut Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet upgraded Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. Finally, Citigroup increased their price objective on Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Rambus currently has a consensus rating of “Buy” and a consensus target price of $15.98.

In other news, Director David A. Shrigley sold 5,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $14.06, for a total transaction of $70,300.00. Following the sale, the director now directly owns 53,045 shares of the company’s stock, valued at approximately $745,812.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Laura Stark sold 4,064 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $14.72, for a total value of $59,822.08. Following the sale, the senior vice president now directly owns 200,797 shares in the company, valued at $2,955,731.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,646 shares of company stock worth $515,244. 2.00% of the stock is currently owned by insiders.

Rambus, Inc. (NASDAQ:RMBS) opened at $14.56 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1,611.54, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.80 and a beta of 0.75. Rambus, Inc. has a 12-month low of $11.30 and a 12-month high of $15.50.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $99.10 million for the quarter, compared to analyst estimates of $99.00 million. Rambus had a return on equity of 9.79% and a net margin of 2.54%. Rambus’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. sell-side analysts forecast that Rambus, Inc. will post 0.52 earnings per share for the current fiscal year.

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Rambus Profile

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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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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