Linden Thomas Advisory Services LLC Grows Stake in Rambus Inc. (NASDAQ:RMBS)

Linden Thomas Advisory Services LLC grew its position in Rambus Inc. (NASDAQ:RMBS) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,609 shares of the semiconductor company’s stock after acquiring an additional 1,027 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Rambus were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of RMBS. Blue Trust Inc. grew its stake in shares of Rambus by 100.4% in the 4th quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 224 shares during the last quarter. Fifth Third Bancorp increased its holdings in Rambus by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Rambus in the 3rd quarter valued at approximately $39,000. NBC Securities Inc. acquired a new stake in Rambus during the 3rd quarter valued at $72,000. Finally, Exchange Traded Concepts LLC purchased a new position in Rambus during the third quarter worth $78,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rambus

In other news, SVP John Shinn sold 3,928 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $64.93, for a total transaction of $255,045.04. Following the completion of the sale, the senior vice president now owns 28,448 shares in the company, valued at approximately $1,847,128.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP John Shinn sold 3,928 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $64.93, for a total transaction of $255,045.04. Following the completion of the sale, the senior vice president now directly owns 28,448 shares of the company’s stock, valued at approximately $1,847,128.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Luc Seraphin sold 5,530 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $58.66, for a total value of $324,389.80. Following the transaction, the chief executive officer now owns 262,791 shares in the company, valued at approximately $15,415,320.06. The disclosure for this sale can be found here. Insiders have sold a total of 121,084 shares of company stock worth $7,408,298 in the last three months. 1.00% of the stock is currently owned by company insiders.

Rambus Price Performance

RMBS stock traded up $0.06 on Wednesday, hitting $56.50. 311,705 shares of the company were exchanged, compared to its average volume of 1,549,114. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.81 and a beta of 1.16. Rambus Inc. has a twelve month low of $43.58 and a twelve month high of $76.38. The business’s fifty day moving average is $59.89 and its two-hundred day moving average is $62.62.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Rambus had a return on equity of 17.70% and a net margin of 72.41%. The business had revenue of $136.00 million during the quarter, compared to the consensus estimate of $134.00 million. Equities research analysts expect that Rambus Inc. will post 1.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RMBS. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company boosted their price objective on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.20.

Rambus Company 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.