Credit Suisse AG Has $1.65 Million Position in Rambus, Inc. (NASDAQ:RMBS)

Credit Suisse AG decreased its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 19.2% during the first quarter, Holdings Channel reports. The firm owned 125,765 shares of the semiconductor company’s stock after selling 29,928 shares during the period. Credit Suisse AG’s holdings in Rambus were worth $1,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in Rambus by 88.5% in the first quarter. LS Investment Advisors LLC now owns 7,648 shares of the semiconductor company’s stock worth $100,000 after buying an additional 3,590 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Rambus during the first quarter worth $117,000. Engineers Gate Manager LP purchased a new position in Rambus during the first quarter worth $135,000. State of Alaska Department of Revenue boosted its position in Rambus by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 12,270 shares of the semiconductor company’s stock worth $161,000 after buying an additional 380 shares during the period. Finally, Stevens Capital Management LP purchased a new position in Rambus during the first quarter worth $199,000. Institutional investors and hedge funds own 80.10% of the company’s stock.

Rambus, Inc. (NASDAQ RMBS) traded up 0.08% on Friday, hitting $12.63. 424,354 shares of the stock were exchanged. Rambus, Inc. has a 52-week low of $11.30 and a 52-week high of $14.50. The stock’s 50 day moving average price is $12.47 and its 200 day moving average price is $12.59. The firm has a market cap of $1.38 billion, a PE ratio of 210.50 and a beta of 0.90.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $94.70 million during the quarter, compared to the consensus estimate of $93 million. Rambus had a return on equity of 9.28% and a net margin of 1.76%. Rambus’s revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. Equities research analysts forecast that Rambus, Inc. will post $0.65 earnings per share for the current year.

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A number of research analysts have weighed in on RMBS shares. TheStreet upgraded shares of Rambus from a “c” rating to a “b-” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Saturday, July 29th. Jefferies Group LLC reiterated a “hold” rating and set a $13.50 price objective on shares of Rambus in a research report on Tuesday, April 25th. Finally, BidaskClub upgraded shares of Rambus from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $15.10.

In other Rambus news, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the transaction, the director now directly owns 46,253 shares of the company’s stock, valued at approximately $600,363.94. 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 Rambus stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $12.90, for a total value of $45,033.90. Following the completion of the transaction, 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 sold 56,287 shares of company stock valued at $714,695. 2.00% of the stock is currently owned by corporate insiders.

Rambus Company 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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