UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Rambus, Inc. $RMBS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rambus, Inc. (NASDAQ:RMBS) by 20.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 289,022 shares of the semiconductor company’s stock after acquiring an additional 48,416 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Rambus were worth $38,365,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Rambus by 15.7% in the second quarter. Van ECK Associates Corp now owns 167,993 shares of the semiconductor company’s stock valued at $22,299,000 after acquiring an additional 22,742 shares in the last quarter. Nissay Asset Management Corp Japan lifted its position in Rambus by 42.8% in the second quarter. Nissay Asset Management Corp Japan now owns 37,649 shares of the semiconductor company’s stock valued at $4,998,000 after purchasing an additional 11,275 shares during the period. Hsbc Holdings PLC boosted its holdings in Rambus by 658.6% in the 2nd quarter. Hsbc Holdings PLC now owns 48,013 shares of the semiconductor company’s stock valued at $6,110,000 after purchasing an additional 41,684 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Rambus in the 2nd quarter valued at approximately $216,000. Finally, Rakuten Investment Management Inc. acquired a new position in Rambus during the 2nd quarter worth approximately $1,731,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Down 0.4%

Shares of NASDAQ:RMBS opened at $84.34 on Friday. Rambus, Inc. has a 52-week low of $72.45 and a 52-week high of $174.10. The stock’s fifty day simple moving average is $99.66 and its 200-day simple moving average is $111.60. The company has a market capitalization of $9.15 billion, a P/E ratio of 38.69 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $207.39 million during the quarter, compared to analysts’ expectations of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, sell-side analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th. Glj Research set a $165.00 target price on shares of Rambus in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.88.

Rambus Profile

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.