Squarepoint Ops LLC grew its position in Rambus Inc. (NASDAQ:RMBS) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,599 shares of the semiconductor company’s stock after purchasing an additional 6,034 shares during the quarter. Squarepoint Ops LLC’s holdings in Rambus were worth $250,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund acquired a new stake in Rambus during the 4th quarter worth $41,000. Federated Investors Inc. PA raised its stake in Rambus by 57.1% during the 3rd quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 1,487 shares in the last quarter. ETF Managers Group LLC raised its stake in Rambus by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 1,323 shares in the last quarter. CWM Advisors LLC acquired a new stake in Rambus during the 4th quarter worth $77,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in Rambus during the 4th quarter worth $92,000. Institutional investors and hedge funds own 76.47% of the company’s stock.
Several equities research analysts recently commented on RMBS shares. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Saturday, February 2nd. ValuEngine upgraded shares of Rambus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub upgraded shares of Rambus from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Finally, TheStreet upgraded shares of Rambus from a “d+” rating to a “c-” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.00.
Shares of Rambus stock opened at $11.67 on Wednesday. Rambus Inc. has a 1 year low of $7.17 and a 1 year high of $14.30. The company has a current ratio of 7.62, a quick ratio of 7.52 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, January 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.07. Rambus had a negative net margin of 28.74% and a positive return on equity of 8.05%. The company had revenue of $102.00 million for the quarter, compared to the consensus estimate of $102.00 million. During the same period last year, the firm posted $0.19 EPS. Rambus’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts forecast that Rambus Inc. will post 0.75 EPS for the current year.
In other news, Director David A. Shrigley sold 20,000 shares of Rambus stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $10.45, for a total value of $209,000.00. Following the sale, the director now owns 42,155 shares of the company’s stock, valued at $440,519.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 21,215 shares of Rambus stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $9.33, for a total transaction of $197,935.95. Following the completion of the sale, the senior vice president now directly owns 103,068 shares in the company, valued at approximately $961,624.44. The disclosure for this sale can be found here. Insiders have sold a total of 81,540 shares of company stock worth $820,595 over the last three months. 1.00% of the stock is currently owned by insiders.
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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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