FNY Partners Fund LP Takes $228,000 Position in Rambus, Inc. (RMBS)

FNY Partners Fund LP bought a new stake in Rambus, Inc. (NASDAQ:RMBS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the semiconductor company’s stock, valued at approximately $228,000.

Several other hedge funds also recently made changes to their positions in RMBS. Teachers Advisors LLC grew its stake in shares of Rambus by 1.8% in the 4th quarter. Teachers Advisors LLC now owns 178,314 shares of the semiconductor company’s stock valued at $2,455,000 after purchasing an additional 3,236 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Rambus by 2.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 900 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of 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 valued at $2,034,000 after purchasing an additional 12,233 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $20,588,000 after purchasing an additional 61,490 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Rambus by 7.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 24,048 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 1,738 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

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In other news, SVP Jae Kim sold 42,449 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $12.71, for a total transaction of $539,526.79. Following the completion of the sale, the senior vice president now directly owns 120,126 shares of the company’s stock, valued at approximately $1,526,801.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Laura Stark sold 3,491 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $12.90, for a total value of $45,033.90. Following the sale, the senior vice president now directly owns 208,474 shares of the company’s stock, valued at $2,689,314.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,283 shares of company stock valued at $716,576. 2.00% of the stock is currently owned by corporate insiders.

Rambus, Inc. (RMBS) traded up 0.92% during mid-day trading on Tuesday, hitting $13.17. The company had a trading volume of 93,367 shares. Rambus, Inc. has a 52-week low of $11.30 and a 52-week high of $14.39. The stock’s 50 day moving average price is $12.84 and its 200 day moving average price is $12.56. The firm has a market cap of $1.44 billion, a P/E ratio of 219.50 and a beta of 0.91.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $94.70 million during the quarter, compared to analyst estimates of $93.00 million. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. On average, equities research analysts predict that Rambus, Inc. will post $0.65 EPS for the current fiscal year.

RMBS has been the topic of several analyst reports. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Saturday, August 26th. Loop Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Rambus in a research note on Tuesday, August 22nd. TheStreet downgraded Rambus from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. BidaskClub upgraded Rambus from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 target price (up from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.63.

Rambus Profile

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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