Hillsdale Investment Management Inc. Purchases 64,620 Shares of Rambus Inc. (NASDAQ:RMBS)

Hillsdale Investment Management Inc. increased its position in shares of Rambus Inc. (NASDAQ:RMBS) by 80,775.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,700 shares of the semiconductor company’s stock after acquiring an additional 64,620 shares during the period. Hillsdale Investment Management Inc. owned about 0.06% of Rambus worth $3,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. increased its stake in shares of Rambus by 3.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,632 shares of the semiconductor company’s stock valued at $316,000 after buying an additional 173 shares during the period. Fifth Third Bancorp increased its stake in shares of Rambus by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Rambus by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,900 shares of the semiconductor company’s stock valued at $1,910,000 after buying an additional 200 shares during the period. Blue Trust Inc. increased its stake in shares of Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 224 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in shares of Rambus by 2.1% in the first quarter. Bleakley Financial Group LLC now owns 10,997 shares of the semiconductor company’s stock valued at $680,000 after buying an additional 229 shares during the period. Institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target (up previously from $72.00) on shares of Rambus in a research note on Monday, May 13th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Rambus has an average rating of “Moderate Buy” and an average target price of $81.67.

Rambus Price Performance

Shares of Rambus stock traded up $5.30 on Monday, hitting $63.27. 1,793,595 shares of the company’s stock traded hands, compared to its average volume of 1,443,088. Rambus Inc. has a one year low of $48.13 and a one year high of $76.38. The company has a fifty day moving average of $58.34 and a two-hundred day moving average of $60.30. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 19.35 and a beta of 1.20.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Rambus had a return on equity of 16.99% and a net margin of 78.14%. The company had revenue of $133.60 million for the quarter, compared to analyst estimates of $132.00 million. Equities research analysts anticipate that Rambus Inc. will post 1.36 earnings per share for the current year.

Insider Activity at Rambus

In other Rambus news, Director Eric B. Stang sold 5,408 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.95, for a total value of $307,985.60. Following the transaction, the director now owns 32,422 shares in the company, valued at $1,846,432.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.