Pinebridge Investments L.P. grew its position in Rambus, Inc. (NASDAQ:RMBS) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,720 shares of the semiconductor company’s stock after acquiring an additional 219 shares during the quarter. Pinebridge Investments L.P.’s holdings in Rambus were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in RMBS. Louisiana State Employees Retirement System increased its position in shares of Rambus by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,500 shares of the semiconductor company’s stock valued at $520,000 after purchasing an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Rambus by 0.9% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 31,410 shares of the semiconductor company’s stock valued at $413,000 after purchasing an additional 290 shares during the last quarter. Arizona State Retirement System increased its position in shares of Rambus by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 58,300 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 400 shares during the last quarter. Amalgamated Bank increased its position in shares of Rambus by 3.7% during the 2nd quarter. Amalgamated Bank now owns 15,208 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 549 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Rambus by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 81,574 shares of the semiconductor company’s stock valued at $932,000 after purchasing an additional 1,082 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

RMBS has been the topic of several analyst reports. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Saturday, August 26th. Loop Capital reissued a “buy” rating and set a $16.00 target price on shares of Rambus in a research report on Tuesday, August 22nd. TheStreet downgraded Rambus from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. BidaskClub raised Rambus from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $14.00 target price (up previously from $13.50) on shares of Rambus in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.75.

In other news, SVP Jae Kim sold 42,449 shares of Rambus stock in a transaction on Friday, August 4th. The stock was sold at an average price of $12.71, for a total value of $539,526.79. Following the completion of the sale, the senior vice president now directly owns 120,126 shares of the company’s stock, valued at $1,526,801.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Laura Stark sold 3,491 shares of Rambus stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $12.90, for a total value of $45,033.90. Following the completion of the sale, the senior vice president now directly owns 208,474 shares of the company’s stock, valued at $2,689,314.60. The disclosure for this sale can be found here. Insiders sold 73,221 shares of company stock valued at $944,373 over the last ninety days. Insiders own 2.00% of the company’s stock.

Rambus, Inc. (NASDAQ:RMBS) opened at 13.56 on Friday. The firm has a 50-day moving average price of $13.14 and a 200 day moving average price of $12.63. The company has a market cap of $1.48 billion, a P/E ratio of 226.00 and a beta of 0.82. Rambus, Inc. has a 12 month low of $11.30 and a 12 month high of $14.39.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The business had revenue of $94.70 million during the quarter, compared to analysts’ expectations of $93.00 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 23.8% on a year-over-year basis. Equities research analysts predict that Rambus, Inc. will post $0.65 EPS for the current 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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