Emerald Mutual Fund Advisers Trust Increases Stock Position in Rambus Inc. (NASDAQ:RMBS)

Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 13.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 306,695 shares of the semiconductor company’s stock after purchasing an additional 35,265 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Rambus were worth $18,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of RMBS. Great Lakes Advisors LLC raised its position in Rambus by 559.8% in the second quarter. Great Lakes Advisors LLC now owns 52,594 shares of the semiconductor company’s stock worth $3,090,000 after acquiring an additional 44,623 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Rambus by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 30,395 shares of the semiconductor company’s stock valued at $1,786,000 after purchasing an additional 849 shares in the last quarter. Mesirow Institutional Investment Management Inc. lifted its stake in shares of Rambus by 0.9% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 285,260 shares of the semiconductor company’s stock valued at $16,762,000 after purchasing an additional 2,457 shares during the period. Rhumbline Advisers lifted its stake in shares of Rambus by 1.6% in the second quarter. Rhumbline Advisers now owns 340,637 shares of the semiconductor company’s stock valued at $20,016,000 after purchasing an additional 5,360 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Rambus by 6.7% during the second quarter. Natixis Advisors LLC now owns 223,027 shares of the semiconductor company’s stock worth $13,105,000 after buying an additional 14,093 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RMBS shares. Susquehanna dropped their target price on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a report on Friday, July 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.00 price objective (up from $72.00) on shares of Rambus in a research note on Monday, May 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Rambus has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Rambus Trading Down 5.3 %

NASDAQ:RMBS opened at $37.86 on Friday. The company has a market capitalization of $4.08 billion, a P/E ratio of 11.58 and a beta of 1.19. The firm has a 50-day moving average price of $51.40 and a two-hundred day moving average price of $55.90. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). Rambus had a return on equity of 16.74% and a net margin of 48.31%. The business had revenue of $132.10 million for the quarter, compared to analysts’ expectations of $139.00 million. During the same period last year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Rambus Inc. will post 1.41 earnings per share for the current year.

Rambus Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.