Rice Hall James & Associates LLC Reduces Position in Rambus, Inc. $RMBS

Rice Hall James & Associates LLC lessened its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,945 shares of the semiconductor company’s stock after selling 3,834 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Rambus were worth $4,130,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its stake 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 purchasing an additional 117,675 shares during the period. AMJ Financial Wealth Management boosted its stake in shares of Rambus by 252.0% during the fourth quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock valued at $8,725,000 after purchasing an additional 67,973 shares during the period. TD Asset Management Inc boosted its stake in shares of Rambus by 463.6% during the third quarter. TD Asset Management Inc now owns 25,306 shares of the semiconductor company’s stock valued at $2,637,000 after purchasing an additional 20,816 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Rambus during the third quarter valued at approximately $30,341,000. Finally, Barclays PLC boosted its stake in shares of Rambus by 183.1% during the third quarter. Barclays PLC now owns 894,906 shares of the semiconductor company’s stock valued at $93,249,000 after purchasing an additional 578,839 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Trading Down 2.2%

Shares of Rambus stock opened at $143.29 on Tuesday. The firm has a market capitalization of $15.50 billion, a P/E ratio of 68.23 and a beta of 1.84. The business has a fifty day simple moving average of $132.01 and a two-hundred day simple moving average of $110.44. Rambus, Inc. has a 12 month low of $58.81 and a 12 month high of $174.10.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Rosenblatt Securities increased their price objective on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Tuesday, April 28th. Wells Fargo & Company raised their price target on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Evercore reaffirmed an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.43.

Insider Buying and Selling at Rambus

In other Rambus news, Director Emiko Higashi sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,605,000.00. Following the completion of the transaction, the director owned 49,519 shares of the company’s stock, valued at approximately $7,947,799.50. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Necip Sayiner sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value of $850,750.00. Following the transaction, the director directly owned 18,223 shares of the company’s stock, valued at $3,100,643.45. This represents a 21.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 79,850 shares of company stock valued at $11,649,796. Company insiders own 0.75% of the company’s stock.

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.