GF Fund Management CO. LTD. Makes New $8.89 Million Investment in Rambus, Inc. $RMBS

GF Fund Management CO. LTD. purchased a new position in Rambus, Inc. (NASDAQ:RMBS) in the third quarter, Holdings Channel reports. The fund purchased 85,293 shares of the semiconductor company’s stock, valued at approximately $8,888,000.

Several other large investors also recently made changes to their positions in RMBS. Farther Finance Advisors LLC raised its stake in shares of Rambus by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 167 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Rambus by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,363 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 187 shares during the period. Campbell Newman Asset Management Inc. boosted its holdings in shares of Rambus by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 41,851 shares of the semiconductor company’s stock worth $4,361,000 after buying an additional 188 shares during the period. KLP Kapitalforvaltning AS grew its stake in Rambus by 0.9% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,400 shares of the semiconductor company’s stock valued at $2,334,000 after buying an additional 200 shares during the last quarter. Finally, Norden Group LLC raised its holdings in Rambus by 2.8% in the 3rd quarter. Norden Group LLC now owns 7,655 shares of the semiconductor company’s stock worth $798,000 after acquiring an additional 208 shares during the period. Institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cfra downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Susquehanna dropped their price target on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Evercore lowered their price objective on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Wells Fargo & Company boosted their target price on shares of Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Rambus in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Rambus has an average rating of “Moderate Buy” and an average price target of $105.71.

Rambus Price Performance

RMBS opened at $101.95 on Friday. The company has a market capitalization of $10.97 billion, a P/E ratio of 48.32 and a beta of 1.53. The firm’s fifty day moving average price is $102.11 and its two-hundred day moving average price is $94.75. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $135.75.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. Rambus had a net margin of 32.57% and a return on equity of 17.69%. The company had revenue of $190.24 million during the quarter, compared to analysts’ expectations of $188.21 million. On average, equities research analysts expect that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

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.