AdvisorShares Investments LLC Invests $297,000 in Rambus Inc. (NASDAQ:RMBS)

AdvisorShares Investments LLC purchased a new position in shares of Rambus Inc. (NASDAQ:RMBSGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,300 shares of the semiconductor company’s stock, valued at approximately $297,000.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp raised its holdings in shares of Rambus by 2.2% during the 4th quarter. State Street Corp now owns 4,834,486 shares of the semiconductor company’s stock worth $142,086,000 after buying an additional 104,072 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Rambus by 1.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 3,075,088 shares of the semiconductor company’s stock worth $90,377,000 after purchasing an additional 32,127 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Rambus in the 4th quarter worth about $85,872,000. Geode Capital Management LLC increased its holdings in Rambus by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,915,819 shares of the semiconductor company’s stock worth $56,305,000 after purchasing an additional 61,451 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Rambus by 19.4% in the 4th quarter. Invesco Ltd. now owns 1,030,521 shares of the semiconductor company’s stock worth $30,286,000 after purchasing an additional 167,192 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Activity

In other news, Director Charles Kissner sold 9,674 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $24.78, for a total value of $239,721.72. Following the transaction, the director now owns 18,747 shares in the company, valued at $464,550.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company’s stock.

Rambus Stock Performance

Shares of Rambus stock opened at $26.88 on Friday. Rambus Inc. has a one year low of $20.00 and a one year high of $33.75. The stock’s 50-day moving average is $23.13 and its 200 day moving average is $25.53.

Rambus (NASDAQ:RMBSGet Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Rambus had a negative net margin of 5.45% and a positive return on equity of 18.24%. The business had revenue of $121.13 million for the quarter, compared to the consensus estimate of $137.20 million. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Analysts expect that Rambus Inc. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RMBS has been the subject of a number of recent research reports. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $33.00 target price on shares of Rambus in a report on Tuesday, May 3rd. StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft upped their target price on Rambus from $30.00 to $32.00 in a report on Tuesday, May 3rd. TheStreet raised Rambus from a “c” rating to a “b-” rating in a research note on Tuesday. Finally, Susquehanna reissued a “buy” rating and issued a $33.00 price target on shares of Rambus in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.20.

Rambus Profile

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Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems.

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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