Rambus Inc. (NASDAQ:RMBS) Shares Bought by Swedbank AB

Swedbank AB boosted its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 12.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,743,000 shares of the semiconductor company's stock after purchasing an additional 193,150 shares during the period. Swedbank AB owned about 1.62% of Rambus worth $73,589,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Rambus in the 1st quarter valued at approximately $28,000. Quarry LP acquired a new stake in Rambus in the second quarter valued at $38,000. Fifth Third Bancorp boosted its stake in Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Blue Trust Inc. boosted its stake in Rambus by 240.6% during the 2nd quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 806 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in Rambus during the 1st quarter worth $90,000. Institutional investors and hedge funds own 88.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Susquehanna reduced their price target on shares of Rambus from $75.00 to $66.00 and set a "positive" rating on the stock in a research report on Friday, July 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 target price on shares of Rambus in a report on Tuesday, September 10th.

Rambus Stock Performance

Shares of Rambus stock traded down $0.01 during trading hours on Wednesday, reaching $43.26. The company's stock had a trading volume of 861,855 shares, compared to its average volume of 1,585,030. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38. The company's 50 day simple moving average is $42.14 and its 200 day simple moving average is $51.98. The stock has a market cap of $4.66 billion, a P/E ratio of 13.23 and a beta of 1.19.

Rambus (NASDAQ:RMBS - Get Free Report) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.12). The business had revenue of $132.10 million during the quarter, compared to the consensus estimate of $139.00 million. Rambus had a return on equity of 16.74% and a net margin of 48.31%. The business's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. On average, sell-side analysts predict that Rambus Inc. will post 1.41 earnings per share for the current fiscal 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.