Squarepoint Ops LLC raised its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 22.7% in the 4th quarter, Holdings Channel reports. The firm owned 32,599 shares of the semiconductor company’s stock after purchasing an additional 6,034 shares during the quarter. Squarepoint Ops LLC’s holdings in Rambus were worth $250,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of RMBS. Federated Investors Inc. PA grew its stake in Rambus by 57.1% during the third quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after buying an additional 1,487 shares during the period. ETF Managers Group LLC boosted its stake in shares of Rambus by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 1,323 shares during the period. CWM Advisors LLC purchased a new position in shares of Rambus in the fourth quarter valued at $77,000. AlphaCrest Capital Management LLC purchased a new position in shares of Rambus in the fourth quarter valued at $92,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Rambus in the fourth quarter valued at $103,000. 76.47% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on RMBS. TheStreet raised shares of Rambus from a “d+” rating to a “c-” rating in a report on Friday, April 12th. BidaskClub raised shares of Rambus from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Zacks Investment Research cut shares of Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, ValuEngine raised shares of Rambus from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.00.
RMBS opened at $11.67 on Wednesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.52 and a current ratio of 7.62. Rambus Inc. has a 12-month low of $7.17 and a 12-month high of $14.30.
Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, January 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $102.00 million for the quarter, compared to analysts’ expectations of $102.00 million. Rambus had a negative net margin of 28.74% and a positive return on equity of 8.05%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, equities research analysts anticipate that Rambus Inc. will post 0.75 EPS for the current fiscal year.
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Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
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