Rambus, Inc. $RMBS Shares Sold by Danske Bank A S

Danske Bank A S lessened its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 23.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,728 shares of the semiconductor company’s stock after selling 23,330 shares during the period. Danske Bank A S’s holdings in Rambus were worth $7,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. NewEdge Advisors LLC increased its position in Rambus by 22,321.4% during the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after buying an additional 9,375 shares during the period. Empowered Funds LLC increased its position in Rambus by 34.1% during the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock worth $1,178,000 after buying an additional 5,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock worth $16,025,000 after buying an additional 19,120 shares during the period. Acadian Asset Management LLC acquired a new position in Rambus during the first quarter worth approximately $218,000. Finally, Quantbot Technologies LP acquired a new position in Rambus during the second quarter worth approximately $102,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Trading Down 0.4%

Shares of RMBS stock opened at $111.50 on Tuesday. The business’s 50 day moving average is $103.04 and its two-hundred day moving average is $101.66. Rambus, Inc. has a twelve month low of $49.29 and a twelve month high of $161.80. The company has a market capitalization of $12.06 billion, a P/E ratio of 53.10 and a beta of 1.79.

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

Insider Buying and Selling at Rambus

In other Rambus news, CFO Desmond Lynch sold 4,273 shares of Rambus stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total value of $433,837.69. Following the transaction, the chief financial officer directly owned 63,618 shares in the company, valued at approximately $6,459,135.54. This trade represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $98.63, for a total value of $3,936,717.82. Following the completion of the transaction, the chief executive officer owned 331,070 shares in the company, valued at $32,653,434.10. This trade represents a 10.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 61,123 shares of company stock worth $6,295,577. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RMBS has been the topic of several research analyst reports. William Blair initiated coverage on Rambus in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Tuesday, April 28th. Zacks Research raised Rambus to a “hold” rating in a research report on Monday, January 26th. Rosenblatt Securities lifted their price target on Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company lifted their price target on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rambus presently has a consensus rating of “Moderate Buy” and an average target price 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.