Rambus, Inc. $RMBS Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in Rambus, Inc. (NASDAQ:RMBS) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,936 shares of the semiconductor company’s stock after selling 6,206 shares during the quarter. Stephens Inc. AR’s holdings in Rambus were worth $2,751,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hussman Strategic Advisors Inc. acquired a new position in shares of Rambus in the third quarter worth $1,094,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Rambus in the third quarter worth $1,149,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Rambus by 57.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 52,435 shares of the semiconductor company’s stock worth $5,464,000 after acquiring an additional 19,046 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Rambus by 2,372.0% in the fourth quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock worth $11,269,000 after acquiring an additional 117,675 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Rambus by 1,320.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,676 shares of the semiconductor company’s stock worth $13,512,000 after acquiring an additional 120,549 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rambus

In other Rambus news, Director Meera Rao sold 2,972 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $446,691.60. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Desmond Lynch sold 4,273 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.53, for a total value of $433,837.69. Following the sale, the chief financial officer directly owned 63,618 shares of the company’s stock, valued at approximately $6,459,135.54. This trade represents a 6.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, 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 2.6%

RMBS stock opened at $123.76 on Tuesday. The stock has a 50-day moving average price of $109.34 and a two-hundred day moving average price of $103.63. Rambus, Inc. has a 12-month low of $52.12 and a 12-month high of $161.80. The company has a market cap of $13.38 billion, a PE ratio of 58.93 and a beta of 1.79.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RMBS. Weiss Ratings cut Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 10th. Evercore reissued an “outperform” rating and issued a $172.00 price target on shares of Rambus in a report on Tuesday, April 28th. Zacks Research raised Rambus to a “hold” rating in a research report on Monday, January 26th. William Blair initiated coverage on Rambus in a research report on Thursday, January 22nd. They issued an “outperform” rating for the company. Finally, Rosenblatt Securities lifted their price objective on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Rambus presently has an average rating of “Moderate Buy” and an average price target of $130.43.

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.