Great West Life Assurance Co. Can Decreases Holdings in Rambus Inc. (NASDAQ:RMBS)
Great West Life Assurance Co. Can lessened its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 2.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,060 shares of the semiconductor company’s stock after selling 4,019 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Rambus were worth $1,535,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of Rambus by 1,319.1% in the first quarter. Versant Capital Management Inc now owns 2,824 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 2,625 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Rambus in the fourth quarter worth $41,000. Quantamental Technologies LLC bought a new stake in shares of Rambus in the first quarter worth $70,000. ETF Managers Group LLC grew its stake in shares of Rambus by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 1,323 shares during the last quarter. Finally, CWM Advisors LLC bought a new stake in shares of Rambus in the fourth quarter worth $77,000. 77.99% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Luc Seraphin sold 2,674 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $11.40, for a total transaction of $30,483.60. Following the transaction, the chief executive officer now owns 258,479 shares in the company, valued at $2,946,660.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
RMBS stock traded down $0.15 during midday trading on Wednesday, hitting $11.75. The stock had a trading volume of 34,133 shares, compared to its average volume of 989,359. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.62 and a beta of 0.77. The company has a quick ratio of 7.75, a current ratio of 7.87 and a debt-to-equity ratio of 0.16. Rambus Inc. has a 1-year low of $7.17 and a 1-year high of $13.73.
Rambus (NASDAQ:RMBS) last released its earnings results on Monday, April 22nd. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $100.20 million during the quarter, compared to analyst estimates of $99.00 million. During the same quarter in the previous year, the firm earned $0.21 EPS. Rambus’s quarterly revenue was down .3% on a year-over-year basis. Research analysts expect that Rambus Inc. will post 0.73 earnings per share for the current year.
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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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