Hillsdale Investment Management Inc. Grows Position in Rambus, Inc. $RMBS

Hillsdale Investment Management Inc. raised its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,700 shares of the semiconductor company’s stock after purchasing an additional 9,070 shares during the period. Hillsdale Investment Management Inc. owned 0.10% of Rambus worth $11,743,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Rambus by 22,321.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after buying an additional 9,375 shares during the last quarter. Empowered Funds LLC boosted its holdings in Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 5,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock valued at $16,025,000 after acquiring an additional 19,120 shares during the period. Acadian Asset Management LLC acquired a new stake in Rambus during the first quarter worth about $218,000. Finally, TD Asset Management Inc purchased a new position in shares of Rambus in the 2nd quarter worth about $287,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Down 1.4%

NASDAQ RMBS opened at $102.64 on Friday. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $135.75. The business has a 50 day moving average price of $102.10 and a two-hundred day moving average price of $95.60. The stock has a market cap of $11.06 billion, a PE ratio of 48.64 and a beta of 1.53.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. The business had revenue of $190.24 million for the quarter, compared to analysts’ expectations of $188.21 million. Rambus had a net margin of 32.57% and a return on equity of 17.69%. Sell-side analysts anticipate that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RMBS shares. Weiss Ratings cut Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Rambus in a research report on Tuesday, February 3rd. Cfra downgraded shares of Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Susquehanna dropped their price objective on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group raised shares of Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.71.

Rambus Company 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.