American International Group Inc. boosted its holdings in Rambus, Inc. (NASDAQ:RMBS) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,623 shares of the semiconductor company’s stock after buying an additional 4,471 shares during the quarter. American International Group Inc. owned 0.08% of Rambus worth $1,170,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RMBS. Ameritas Investment Partners Inc. raised its position in Rambus by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after buying an additional 822 shares during the last quarter. Shelton Capital Management purchased a new position in Rambus in the 2nd quarter worth about $126,000. Trexquant Investment LP purchased a new position in Rambus in the 2nd quarter worth about $137,000. Petrus Trust Company LTA purchased a new position in Rambus in the 2nd quarter worth about $138,000. Finally, Nine Chapters Capital Management LLC purchased a new position in Rambus in the 3rd quarter worth about $158,000. 77.04% of the stock is owned by institutional investors and hedge funds.

In other news, Director Penny Herscher sold 6,437 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.44, for a total transaction of $86,513.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Laura Stark sold 3,069 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $13.65, for a total transaction of $41,891.85. The disclosure for this sale can be found here. Insiders have sold a total of 36,646 shares of company stock valued at $515,244 in the last ninety days. Insiders own 2.00% of the company’s stock.

A number of equities analysts have weighed in on the company. BidaskClub lowered Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Loop Capital reissued a “buy” rating and issued a $16.00 target price on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet raised Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. Finally, Citigroup boosted their target price 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 given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $15.98.

Shares of Rambus, Inc. (NASDAQ:RMBS) opened at $14.56 on Monday. Rambus, Inc. has a 52-week low of $11.30 and a 52-week high of $15.50. The company has a market cap of $1,600.00, a PE ratio of 29.12, a PEG ratio of 2.77 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37.

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

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About Rambus

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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