Rambus, Inc. $RMBS Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division cut its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 37.3% during the fourth quarter, Holdings Channel reports. The firm owned 13,785 shares of the semiconductor company’s stock after selling 8,190 shares during the quarter. Moody National Bank Trust Division’s holdings in Rambus were worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Congress Asset Management Co. boosted its stake in shares of Rambus by 4.7% in the fourth quarter. Congress Asset Management Co. now owns 1,410,615 shares of the semiconductor company’s stock valued at $129,621,000 after purchasing an additional 63,430 shares during the period. SG Americas Securities LLC increased its stake in Rambus by 45.1% during the 4th quarter. SG Americas Securities LLC now owns 63,652 shares of the semiconductor company’s stock worth $5,849,000 after buying an additional 19,772 shares during the period. Marshall Financial Group LLC purchased a new stake in Rambus during the 4th quarter worth approximately $717,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Rambus by 7.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,048 shares of the semiconductor company’s stock worth $975,000 after buying an additional 685 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new stake in Rambus during the 4th quarter worth approximately $588,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on RMBS shares. Evercore dropped their price target on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Zacks Research upgraded Rambus to a “hold” rating in a research note on Monday, January 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Rambus in a report on Tuesday, February 3rd. Cfra cut Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Finally, Susquehanna lowered their target price on Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.71.

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $98.63, for a total transaction of $3,936,717.82. Following the completion of the sale, the chief executive officer directly owned 331,070 shares of the company’s stock, valued at approximately $32,653,434.10. The trade was a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Desmond Lynch sold 4,273 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total transaction of $433,837.69. Following the transaction, the chief financial officer owned 63,618 shares of the company’s stock, valued at approximately $6,459,135.54. The trade was a 6.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by insiders.

Rambus Stock Up 3.5%

Shares of NASDAQ:RMBS opened at $95.93 on Thursday. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $135.75. The firm’s 50 day moving average price is $101.81 and its 200 day moving average price is $98.94. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 45.46 and a beta of 1.55.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. Rambus had a net margin of 32.57% and a return on equity of 17.69%. The company had revenue of $190.24 million during the quarter, compared to analysts’ expectations of $188.21 million. On average, equities analysts anticipate that Rambus, Inc. will post 1.89 EPS for the current year.

Rambus Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.