Crestwood Capital Management LP Has Cut Wex (WEX) Position; Rambus Has 1.35 Sentiment

June 11, 2018 - By Migdalia James

WEX Inc. (NYSE:WEX) Logo

Crestwood Capital Management Lp decreased Wex Inc (WEX) stake by 17.49% reported in 2018Q1 SEC filing. Crestwood Capital Management Lp sold 15,655 shares as Wex Inc (WEX)’s stock rose 15.45%. The Crestwood Capital Management Lp holds 73,875 shares with $11.57 million value, down from 89,530 last quarter. Wex Inc now has $8.06 billion valuation. The stock decreased 0.45% or $0.85 during the last trading session, reaching $187.16. About 659,186 shares traded or 73.28% up from the average. WEX Inc. (NYSE:WEX) has risen 72.80% since June 11, 2017 and is uptrending. It has outperformed by 60.23% the S&P500. Some Historical WEX News: ; 02/05/2018 – WEX Health Announces Partner Excellence Award Winners; 09/04/2018 – Wex Closes Below 50-Day Moving Average: Technicals; 07/05/2018 – WEX Presenting at JPMorgan Conference May 15; 02/04/2018 – Fidelity Advisor Tech Adds Intuit, Exits Wex, Cuts Facebook; 14/03/2018 – WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™; 05/04/2018 – WEX Appoints Clare Murphy as European Director of Sales; 14/05/2018 – WEX Presenting at JPMorgan Conference Tomorrow; 03/05/2018 – WEX Sees 2Q Adj EPS $1.96-Adj EPS $2.06; 03/05/2018 – WEX 1Q EPS $1.12; 03/05/2018 – WEX INC WEX.N SEES FY 2018 REVENUE $1.435 BLN TO $1.475 BLN




Rambus Inc (RMBS) investors sentiment decreased to 1.35 in 2018 Q1. It’s down -0.07, from 1.42 in 2017Q4. The ratio has worsened, as 84 funds increased or opened new stock positions, while 62 decreased and sold their holdings in Rambus Inc. The funds in our database now own: 86.66 million shares, down from 87.29 million shares in 2017Q4. Also, the number of funds holding Rambus Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 46 Increased: 46 New Position: 38.

The stock decreased 0.66% or $0.09 during the last trading session, reaching $13.61. About 367,883 shares traded. Rambus Inc. (RMBS) has risen 11.71% since June 11, 2017 and is uptrending. It has underperformed by 0.86% the S&P500. Some Historical RMBS News: ; 20/03/2018 – RAMBUS INC – SPECIFIC TERMS OF AGREEMENT ARE CONFIDENTIAL; 04/05/2018 – RAMBUS FORMS JV IN CHINA TO DEVELOP RRAM TECHNOLOGY; 07/05/2018 – Rambus 1Q Loss/Shr 36c; 27/04/2018 – Rambus: Penelope Herscher Retires From Board, Board Size Reduced to 6 From 7; 20/03/2018 – RAMBUS SIGNS LICENSE PACT FOR DPA COUNTERMEASURES TO BEIJING TO; 14/05/2018 – T Rowe Price Associates Exits Position in Rambus; 20/03/2018 – RAMBUS TO LICENSE DPA COUNTERMEASURES TO BEIJING TONGFANG; 06/03/2018 – RAMBUS INITIATED ABOUT $50M ACCELERATED SHARE BUYBACK PROGRAM; 16/04/2018 – Rambus Launches CryptoManager RISC-V Root of Trust Programmable Secure Processing Core; 07/05/2018 – Rambus Sees 2Q Rev $42M-$48M

Analysts await Rambus Inc. (NASDAQ:RMBS) to report earnings on July, 23. They expect $0.15 earnings per share, up 50.00% or $0.05 from last year’s $0.1 per share. RMBS’s profit will be $16.12 million for 22.68 P/E if the $0.15 EPS becomes a reality. After $0.16 actual earnings per share reported by Rambus Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Rambus Inc. manufactures and sells semiconductor products in South Korea and internationally. The company has market cap of $1.46 billion. The firm focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments. It currently has negative earnings. It also focuses on the design, development, and licensing of technologies for advanced LED lighting solutions; and research and development in the area of emerging technologies, as well as providing various services, including know-how and technology transfer, product design and development, system integration, and other services.

Dalton Greiner Hartman Maher & Co holds 1.19% of its portfolio in Rambus Inc. for 1.31 million shares. Piermont Capital Management Inc. owns 112,410 shares or 0.5% of their US portfolio. Moreover, Spark Investment Management Llc has 0.4% invested in the company for 467,600 shares. The New York-based Lucus Advisors Llc has invested 0.38% in the stock. Alexandria Capital Llc, a Virginia-based fund reported 180,000 shares.

Another recent and important Rambus Inc. (NASDAQ:RMBS) news was published by Businesswire.com which published an article titled: “Rambus Announces New Senior Vice President of Global Market Development” on May 29, 2018.

Ratings analysis reveals 100% of Rambus’s analysts are positive. Out of 2 Wall Street analysts rating Rambus, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. RMBS was included in 2 notes of analysts from December 6, 2016. On Thursday, February 9 the stock rating was upgraded by JP Morgan to “Overweight”. The company was initiated on Tuesday, December 6 by Loop Capital.

Since January 1, 0001, it had 0 buys, and 6 sales for $330,473 activity.

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.24, from 1.25 in 2017Q4. It dived, as 12 investors sold WEX shares while 96 reduced holdings. 36 funds opened positions while 73 raised stakes. 42.84 million shares or 6.71% less from 45.93 million shares in 2017Q4 were reported. Oak Ridge Limited Liability owns 162,497 shares or 1.41% of their US portfolio. Deutsche Bank & Trust Ag reported 0.03% in WEX Inc. (NYSE:WEX). Pub Employees Retirement Association Of Colorado reported 7,710 shares. Westfield Capital Management LP invested in 486,708 shares or 0.59% of the stock. Ubs Asset Management Americas reported 0% in WEX Inc. (NYSE:WEX). Crestwood Mngmt LP reported 73,875 shares or 6.88% of all its holdings. Amalgamated Bankshares has invested 0.04% of its portfolio in WEX Inc. (NYSE:WEX). Lpl Finance Ltd Liability Corp invested in 3,578 shares or 0% of the stock. Loomis Sayles & Com Lp invested 0.08% of its portfolio in WEX Inc. (NYSE:WEX). Texas Permanent School Fund accumulated 26,493 shares. 3,243 are held by Natixis. Waddell Reed Fincl stated it has 0.05% of its portfolio in WEX Inc. (NYSE:WEX). Numerixs Investment Technology Inc reported 0.02% stake. Spears Abacus Advisors Limited Liability Company stated it has 0.04% in WEX Inc. (NYSE:WEX). Barclays Public Ltd Co has 5,458 shares.

Analysts await WEX Inc. (NYSE:WEX) to report earnings on July, 26. They expect $1.87 earnings per share, up 62.61% or $0.72 from last year’s $1.15 per share. WEX’s profit will be $80.56 million for 25.02 P/E if the $1.87 EPS becomes a reality. After $1.66 actual earnings per share reported by WEX Inc. for the previous quarter, Wall Street now forecasts 12.65% EPS growth.

Rambus Inc. (NASDAQ:RMBS) Institutional Positions Chart

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