Encompass More Asset Management Makes New $951,000 Investment in Rambus, Inc. $RMBS

Encompass More Asset Management bought a new position in Rambus, Inc. (NASDAQ:RMBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,349 shares of the semiconductor company’s stock, valued at approximately $951,000.

A number of other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its holdings in Rambus by 21.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,607 shares of the semiconductor company’s stock worth $148,000 after acquiring an additional 282 shares during the last quarter. Truist Financial Corp lifted its holdings in Rambus by 795.8% in the fourth quarter. Truist Financial Corp now owns 26,033 shares of the semiconductor company’s stock worth $2,392,000 after acquiring an additional 23,127 shares during the last quarter. Sigma Planning Corp lifted its holdings in Rambus by 80.4% in the fourth quarter. Sigma Planning Corp now owns 9,460 shares of the semiconductor company’s stock worth $871,000 after acquiring an additional 4,217 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Rambus by 5.6% in the fourth quarter. New York State Teachers Retirement System now owns 76,926 shares of the semiconductor company’s stock worth $7,069,000 after acquiring an additional 4,065 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Rambus by 121.5% in the fourth quarter. Jennison Associates LLC now owns 11,972 shares of the semiconductor company’s stock worth $1,100,000 after acquiring an additional 6,566 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Price Performance

NASDAQ RMBS opened at $130.04 on Thursday. Rambus, Inc. has a 12 month low of $49.61 and a 12 month high of $161.80. The firm has a market capitalization of $14.06 billion, a PE ratio of 61.92 and a beta of 1.79. The company’s 50 day simple moving average is $104.05 and its 200 day simple moving average is $102.03.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $179.94 million. Sell-side analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RMBS has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. William Blair assumed coverage on shares of Rambus in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Jefferies Financial Group raised their price target on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Susquehanna dropped their price target on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Finally, 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 note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.43.

Insiders Place Their Bets

In other Rambus news, Director Meera Rao sold 8,538 shares of Rambus stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $118.08, for a total value of $1,008,167.04. Following the transaction, the director owned 22,946 shares in the company, valued at approximately $2,709,463.68. The trade was a 27.12% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $98.63, for a total transaction of $3,936,717.82. Following the completion of the transaction, the chief executive officer owned 331,070 shares in the company, valued at approximately $32,653,434.10. This trade represents a 10.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 61,123 shares of company stock worth $6,295,577. 0.75% of the stock is owned by insiders.

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.