HHM Wealth Advisors LLC Has $206,000 Stake in Rambus Inc. (NASDAQ:RMBS)

HHM Wealth Advisors LLC lowered its position in Rambus Inc. (NASDAQ:RMBS) by 22.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,500 shares of the semiconductor company’s stock after selling 1,000 shares during the period. HHM Wealth Advisors LLC’s holdings in Rambus were worth $206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Rambus during the 1st quarter valued at $28,000. Fifth Third Bancorp lifted its position in shares of 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 period. Blue Trust Inc. lifted its position in shares of 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 period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rambus during the 2nd quarter valued at $87,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Rambus during the 1st quarter valued at $90,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Trading Up 4.3 %

Shares of RMBS stock opened at $41.27 on Thursday. The firm has a market capitalization of $4.44 billion, a PE ratio of 12.62 and a beta of 1.19. The firm has a fifty day simple moving average of $50.23 and a two-hundred day simple moving average of $55.56. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $76.38.

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

Wall Street Analyst Weigh In

RMBS has been the topic of a number of research reports. Susquehanna dropped their target price 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 reiterated a “buy” rating and set a $85.00 target price on shares of Rambus in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Rambus has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

About Rambus

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.