Caisse de depot et placement du Quebec Buys Shares of 282,580 Rambus, Inc. $RMBS

Caisse de depot et placement du Quebec bought a new stake in Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 282,580 shares of the semiconductor company’s stock, valued at approximately $37,510,000. Caisse de depot et placement du Quebec owned approximately 0.26% of Rambus at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMJ Financial Wealth Management lifted its stake in Rambus by 252.0% in the fourth quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock worth $8,725,000 after acquiring an additional 67,973 shares during the last quarter. State of Wyoming purchased a new stake in shares of Rambus in the 2nd quarter valued at approximately $1,825,000. Handelsbanken Fonder AB increased its position in shares of Rambus by 28.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 150,857 shares of the semiconductor company’s stock valued at $20,025,000 after purchasing an additional 33,060 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Rambus by 15.8% in the 1st quarter. California Public Employees Retirement System now owns 227,271 shares of the semiconductor company’s stock valued at $19,552,000 after purchasing an additional 31,064 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Rambus in the 2nd quarter valued at $1,853,645,000. Institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

RMBS has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Rosenblatt Securities restated a “buy” rating and issued a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th. Glj Research set a $165.00 price target on Rambus in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.88.

Insider Activity at Rambus

In related news, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the sale, the director owned 19,218 shares in the company, valued at $2,805,828. This represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Necip Sayiner sold 5,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total transaction of $850,750.00. Following the sale, the director owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,000 shares of company stock worth $3,185,750 in the last 90 days. 0.75% of the stock is owned by insiders.

Rambus Stock Down 5.9%

Shares of NASDAQ RMBS opened at $85.76 on Friday. The business has a 50-day moving average price of $103.19 and a 200 day moving average price of $112.04. The stock has a market cap of $9.30 billion, a PE ratio of 39.34 and a beta of 1.88. Rambus, Inc. has a 52-week low of $70.90 and a 52-week high of $174.10.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The company had revenue of $207.39 million for the quarter, compared to analyst estimates of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Sell-side analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current year.

Rambus 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.