Mirae Asset Global Investments Co. Ltd. Has $13.51 Million Stock Holdings in Rambus, Inc. $RMBS

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 1,320.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 129,676 shares of the semiconductor company’s stock after buying an additional 120,549 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Rambus were worth $13,512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RMBS. Steigerwald Gordon & Koch Inc. purchased a new position in Rambus during the 3rd quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in shares of Rambus by 162.5% during the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 260 shares during the period. Abound Wealth Management purchased a new position in Rambus during the third quarter valued at approximately $28,000. Bessemer Group Inc. increased its stake in Rambus by 105.8% in the 2nd quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 238 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Rambus by 1,386.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after buying an additional 596 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rambus

In other Rambus news, Director Eric B. Stang sold 4,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $111.78, for a total transaction of $447,120.00. Following the transaction, the director owned 20,394 shares in the company, valued at $2,279,641.32. This trade represents a 16.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RMBS has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a report on Tuesday, October 28th. Zacks Research raised Rambus to a “hold” rating in a research report on Monday, January 26th. Wells Fargo & Company upped their target price on Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Cfra Research downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Finally, Weiss Ratings raised Rambus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Rambus has an average rating of “Buy” and a consensus price target of $108.14.

Rambus Price Performance

Rambus stock opened at $113.83 on Friday. Rambus, Inc. has a one year low of $40.12 and a one year high of $135.75. The company’s fifty day moving average price is $100.64 and its two-hundred day moving average price is $92.01. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 53.95 and a beta of 1.51.

About Rambus

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.