Rambus Inc. (NASDAQ:RMBS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in Rambus Inc. (NASDAQ:RMBS) by 54.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,870 shares of the semiconductor company’s stock after selling 184,100 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Rambus worth $1,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Rambus by 6.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,221,859 shares of the semiconductor company’s stock worth $54,569,000 after buying an additional 324,147 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Rambus by 29.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,063,050 shares of the semiconductor company’s stock worth $24,838,000 after buying an additional 474,400 shares in the last quarter. SG Americas Securities LLC increased its stake in Rambus by 143.1% during the 2nd quarter. SG Americas Securities LLC now owns 377,559 shares of the semiconductor company’s stock worth $4,546,000 after buying an additional 222,251 shares in the last quarter. Rhumbline Advisers increased its stake in Rambus by 1.1% during the 1st quarter. Rhumbline Advisers now owns 320,272 shares of the semiconductor company’s stock worth $3,347,000 after buying an additional 3,468 shares in the last quarter. Finally, Swiss National Bank increased its stake in Rambus by 2.6% during the 2nd quarter. Swiss National Bank now owns 202,900 shares of the semiconductor company’s stock worth $2,443,000 after buying an additional 5,100 shares in the last quarter. 78.77% of the stock is owned by institutional investors.

Rambus stock traded down $0.15 during mid-day trading on Friday, hitting $13.44. The company’s stock had a trading volume of 1,943 shares, compared to its average volume of 739,160. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. Rambus Inc. has a 1 year low of $7.17 and a 1 year high of $14.29. The company has a current ratio of 7.59, a quick ratio of 7.48 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $12.46 and its two-hundred day moving average is $11.69.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.21). The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $96.25 million. Rambus had a positive return on equity of 2.52% and a negative net margin of 35.34%. The company’s revenue was down 41.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, equities analysts expect that Rambus Inc. will post 0.75 EPS for the current fiscal year.

In other Rambus news, CEO Luc Seraphin sold 29,855 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $13.99, for a total transaction of $417,671.45. Following the transaction, the chief executive officer now directly owns 231,097 shares in the company, valued at $3,233,047.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Kissner sold 3,723 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.08, for a total value of $44,973.84. Following the transaction, the director now owns 47,503 shares in the company, valued at $573,836.24. The disclosure for this sale can be found here. Insiders sold 59,061 shares of company stock valued at $778,084 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Several equities research analysts have commented on RMBS shares. BidaskClub lowered Rambus from a “buy” rating to a “hold” rating in a research note on Saturday, August 24th. Wells Fargo & Co boosted their price objective on Rambus from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research upgraded Rambus from a “sell” rating to a “hold” rating in a research note on Wednesday, June 26th. Citigroup upped their price target on Rambus from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, ValuEngine upgraded Rambus from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Rambus presently has a consensus rating of “Buy” and an average target price of $13.60.

About Rambus

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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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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