6,695 Shares in Rambus, Inc. $RMBS Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new position in shares of Rambus, Inc. (NASDAQ:RMBS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 6,695 shares of the semiconductor company’s stock, valued at approximately $615,000.

Several other institutional investors and hedge funds have also bought and sold shares of RMBS. Hussman Strategic Advisors Inc. purchased a new position in shares of Rambus during the third quarter valued at approximately $1,094,000. Nordea Investment Management AB lifted its holdings in shares of Rambus by 101.7% during the third quarter. Nordea Investment Management AB now owns 139,430 shares of the semiconductor company’s stock valued at $14,669,000 after purchasing an additional 70,314 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Rambus during the third quarter valued at approximately $1,149,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Rambus by 57.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 52,435 shares of the semiconductor company’s stock valued at $5,464,000 after acquiring an additional 19,046 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Rambus by 2,372.0% during the fourth quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock valued at $11,269,000 after acquiring an additional 117,675 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rambus news, CEO Luc Seraphin sold 5,426 shares of Rambus stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $86.65, for a total value of $470,162.90. Following the completion of the sale, the chief executive officer owned 345,767 shares of the company’s stock, valued at approximately $29,960,710.55. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meera Rao sold 2,972 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $150.30, for a total transaction of $446,691.60. Following the sale, the director directly owned 19,974 shares of the company’s stock, valued at approximately $3,002,092.20. The trade was a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 61,123 shares of company stock valued at $6,295,577. Company insiders own 0.75% of the company’s stock.

Rambus Trading Down 0.4%

NASDAQ:RMBS opened at $111.50 on Tuesday. Rambus, Inc. has a 12 month low of $49.29 and a 12 month high of $161.80. The company has a market cap of $12.06 billion, a PE ratio of 53.10 and a beta of 1.79. The company has a 50 day simple moving average of $103.04 and a two-hundred day simple moving average of $101.66.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The business had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. Research analysts forecast that Rambus, Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RMBS. Rosenblatt Securities raised their price target on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. William Blair began coverage on shares of Rambus in a research report on Thursday, January 22nd. They set an “outperform” rating for the company. Robert W. Baird downgraded shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research report on Tuesday, April 28th. Susquehanna reduced their price target on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Weiss Ratings downgraded shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.43.

Rambus Company 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.