Rambus, Inc. $RMBS Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Rambus, Inc. (NASDAQ:RMBS) by 101.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,430 shares of the semiconductor company’s stock after acquiring an additional 70,314 shares during the period. Nordea Investment Management AB owned about 0.13% of Rambus worth $14,669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RMBS. Steigerwald Gordon & Koch Inc. acquired a new position in Rambus during the 3rd quarter worth approximately $25,000. True Wealth Design LLC lifted its position in shares of Rambus by 162.5% during the 2nd quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after buying an additional 260 shares during the last quarter. Abound Wealth Management acquired a new stake in Rambus during the 3rd quarter worth $28,000. Bessemer Group Inc. boosted its stake in Rambus by 105.8% in the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 238 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Rambus by 1,386.0% in the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 596 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RMBS has been the subject of several research reports. Susquehanna set a $100.00 target price on Rambus and gave the company a “neutral” rating in a report on Monday, October 6th. Cfra Research lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Rambus in a research note on Tuesday, October 28th. Weiss Ratings cut shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Jefferies Financial Group raised Rambus to a “strong-buy” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Rambus presently has an average rating of “Buy” and an average target price of $108.14.

Rambus Stock Up 2.4%

Shares of NASDAQ:RMBS opened at $103.07 on Friday. The company has a market capitalization of $11.10 billion, a P/E ratio of 48.85 and a beta of 1.51. The stock’s fifty day simple moving average is $96.15 and its 200-day simple moving average is $88.04. Rambus, Inc. has a 52-week low of $40.12 and a 52-week high of $114.55.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). The firm had revenue of $178.51 million for the quarter, compared to analyst estimates of $175.60 million. Rambus had a return on equity of 17.73% and a net margin of 33.72%.Rambus’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts anticipate that Rambus, Inc. will post 1.89 earnings per share for the current year.

Insider Activity

In other Rambus news, Director Eric B. Stang sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $111.78, for a total transaction of $447,120.00. Following the completion of the sale, the director owned 20,394 shares of the company’s stock, valued at approximately $2,279,641.32. The trade was a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

About Rambus

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.