Rambus, Inc. (RMBS) Stake Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in Rambus, Inc. (NASDAQ:RMBS) by 8.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 482,936 shares of the semiconductor company’s stock after purchasing an additional 36,605 shares during the period. Schwab Charles Investment Management Inc. owned 0.44% of Rambus worth $5,520,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of RMBS. BlackRock Inc. lifted its position in shares of Rambus by 17,759.2% in the 1st quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock worth $189,990,000 after purchasing an additional 14,377,880 shares during the period. Teachers Advisors LLC lifted its position in shares of Rambus by 420.9% in the 1st quarter. Teachers Advisors LLC now owns 928,813 shares of the semiconductor company’s stock worth $12,205,000 after purchasing an additional 750,499 shares during the period. Vanguard Group Inc. lifted its position in shares of Rambus by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 9,847,561 shares of the semiconductor company’s stock worth $129,396,000 after purchasing an additional 513,316 shares during the period. State Street Corp lifted its position in shares of Rambus by 8.6% in the 1st quarter. State Street Corp now owns 2,964,695 shares of the semiconductor company’s stock worth $38,956,000 after purchasing an additional 233,572 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Rambus by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,349,719 shares of the semiconductor company’s stock worth $57,155,000 after purchasing an additional 216,124 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The company had revenue of $94.70 million during the quarter, compared to analyst estimates of $93.00 million. During the same quarter last year, the firm posted $0.15 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis.

In related news, Director Ellis Thomas Fisher sold 6,437 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $13.65, for a total value of $87,865.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Shrigley sold 5,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the sale, the director now directly owns 46,253 shares of the company’s stock, valued at approximately $600,363.94. The disclosure for this sale can be found here. Insiders sold 72,799 shares of company stock valued at $941,231 in the last ninety days. 2.00% of the stock is currently owned by insiders.

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A number of research analysts have recently issued reports on RMBS shares. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Saturday, August 26th. Loop Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Rambus in a research note on Tuesday, August 22nd. TheStreet lowered shares of Rambus from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. BidaskClub upgraded shares of Rambus from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price objective (up previously from $13.50) on shares of Rambus in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Rambus has a consensus rating of “Hold” and an average target price of $14.75.

Rambus Company Profile

Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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