One Capital Management LLC Takes $4.59 Million Position in Rambus, Inc. $RMBS

One Capital Management LLC purchased a new position in shares of Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 34,586 shares of the semiconductor company’s stock, valued at approximately $4,591,000.

A number of other hedge funds also recently modified their holdings of RMBS. AMJ Financial Wealth Management boosted its holdings in Rambus by 252.0% in the 4th quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock worth $8,725,000 after buying an additional 67,973 shares during the period. State of Wyoming bought a new stake in Rambus during the 2nd quarter valued at $1,825,000. Handelsbanken Fonder AB raised its holdings in Rambus by 28.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 150,857 shares of the semiconductor company’s stock valued at $20,025,000 after acquiring an additional 33,060 shares during the period. BlackRock Inc. purchased a new stake in shares of Rambus during the second quarter worth $1,853,645,000. Finally, California Public Employees Retirement System lifted its position in shares of Rambus by 15.8% during the first quarter. California Public Employees Retirement System now owns 227,271 shares of the semiconductor company’s stock worth $19,552,000 after acquiring an additional 31,064 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Glj Research set a $165.00 price target on Rambus in a research report on Tuesday, July 28th. Benchmark reissued a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Rosenblatt Securities restated a “buy” rating and issued a $165.00 target price on shares of Rambus in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Wednesday, September 2nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.88.

Rambus Stock Performance

Shares of RMBS stock opened at $87.65 on Thursday. The company has a market capitalization of $9.51 billion, a PE ratio of 40.21 and a beta of 1.88. Rambus, Inc. has a 52-week low of $75.02 and a 52-week high of $174.10. The business’s fifty day moving average is $96.66 and its 200 day moving average is $111.13.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, July 27th. The semiconductor company reported $0.77 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 during the quarter, compared to analysts’ expectations of $199.30 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts forecast that Rambus, Inc. will post 2.52 EPS for the current fiscal year.

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.