Jane Street Group LLC grew its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 1,251.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,248 shares of the semiconductor company’s stock after purchasing an additional 178,948 shares during the quarter. Jane Street Group LLC owned 0.18% of Rambus worth $2,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV lifted its stake in shares of Rambus by 41.8% during the second quarter. KBC Group NV now owns 138,569 shares of the semiconductor company’s stock worth $1,738,000 after purchasing an additional 40,817 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Rambus by 32.7% during the second quarter. SG Americas Securities LLC now owns 214,084 shares of the semiconductor company’s stock worth $2,685,000 after acquiring an additional 52,698 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Rambus by 21.9% during the first quarter. Guggenheim Capital LLC now owns 110,762 shares of the semiconductor company’s stock worth $1,488,000 after acquiring an additional 19,864 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Rambus by 9.3% during the first quarter. Thrivent Financial for Lutherans now owns 73,932 shares of the semiconductor company’s stock worth $993,000 after acquiring an additional 6,278 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Rambus by 7.9% during the first quarter. Royal Bank of Canada now owns 253,345 shares of the semiconductor company’s stock worth $3,402,000 after acquiring an additional 18,577 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Shares of NASDAQ RMBS opened at $10.94 on Thursday. Rambus Inc. has a 1 year low of $10.94 and a 1 year high of $15.50. The stock has a market cap of $1.21 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.53.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 30th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $98.80 million for the quarter, compared to analyst estimates of $96.78 million. Rambus had a positive return on equity of 8.45% and a negative net margin of 22.63%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. equities research analysts anticipate that Rambus Inc. will post 0.73 earnings per share for the current year.

A number of brokerages have recently issued reports on RMBS. ValuEngine lowered Rambus from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. BidaskClub lowered Rambus from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Rambus currently has an average rating of “Hold” and an average price target of $16.65.

About Rambus

Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.

Recommended Story: What is the S&P 500 Index?

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.