GSA Capital Partners LLP grew its stake in Rambus, Inc. (NASDAQ:RMBS) by 523.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,897 shares of the semiconductor company’s stock after purchasing an additional 115,784 shares during the period. GSA Capital Partners LLP owned about 0.13% of Rambus worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in RMBS. Great West Life Assurance Co. Can boosted its position in Rambus by 8.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 155,229 shares of the semiconductor company’s stock worth $2,034,000 after purchasing an additional 12,233 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Rambus by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,566,901 shares of the semiconductor company’s stock worth $20,588,000 after purchasing an additional 61,490 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Rambus by 7.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 24,048 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 1,738 shares in the last quarter. Comerica Bank boosted its position in Rambus by 4.9% in the 1st quarter. Comerica Bank now owns 123,161 shares of the semiconductor company’s stock worth $1,578,000 after purchasing an additional 5,759 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in Rambus by 88.5% in the 1st quarter. LS Investment Advisors LLC now owns 7,648 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 3,590 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

In related news, SVP Jae Kim sold 42,449 shares of Rambus stock in a transaction that occurred 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 sale, the senior vice president now directly owns 120,126 shares in the company, valued at $1,526,801.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Laura Stark sold 3,491 shares of Rambus stock in a transaction that occurred 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 owns 208,474 shares in the company, valued at $2,689,314.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,348 shares of company stock worth $769,258. Company insiders own 2.00% of the company’s stock.

Several research firms have commented on RMBS. Loop Capital restated a “buy” rating and issued a $16.00 price objective on shares of Rambus in a research report on Tuesday, August 22nd. J P Morgan Chase & Co lowered Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Friday. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price objective (up previously from $13.50) on shares of Rambus in a research report on Tuesday, July 25th. BidaskClub lowered Rambus from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.75.

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Rambus, Inc. (RMBS) opened at 13.03 on Friday. Rambus, Inc. has a 52 week low of $11.30 and a 52 week high of $14.39. The firm has a market capitalization of $1.42 billion, a P/E ratio of 217.17 and a beta of 0.91. The stock’s 50 day moving average price is $12.90 and its 200 day moving average price is $12.59.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results 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 firm had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, equities analysts expect that Rambus, Inc. will post $0.65 EPS for the current year.

About Rambus

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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