Aurora Investment Counsel Sells 4,400 Shares of Rambus, Inc. $RMBS

Aurora Investment Counsel lessened its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 18.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,198 shares of the semiconductor company’s stock after selling 4,400 shares during the period. Aurora Investment Counsel’s holdings in Rambus were worth $1,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Rambus by 14.3% during the fourth quarter. Barclays PLC now owns 1,022,984 shares of the semiconductor company’s stock valued at $94,002,000 after acquiring an additional 128,078 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Rambus during the fourth quarter valued at approximately $242,000. FORA Capital LLC raised its stake in shares of Rambus by 153.3% during the fourth quarter. FORA Capital LLC now owns 15,846 shares of the semiconductor company’s stock valued at $1,456,000 after acquiring an additional 9,590 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Rambus during the fourth quarter valued at approximately $1,498,000. Finally, Inspire Advisors LLC bought a new stake in shares of Rambus during the fourth quarter valued at approximately $572,000. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Up 1.4%

Shares of RMBS stock opened at $146.56 on Friday. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 69.79 and a beta of 1.84. The company’s 50 day moving average is $131.01 and its 200 day moving average is $109.96. Rambus, Inc. has a 52-week low of $57.98 and a 52-week high of $174.10.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Analysts anticipate that Rambus, Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rambus news, Director Meera Rao sold 8,538 shares of Rambus stock in a transaction 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 directly owned 22,946 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 5,000 shares of Rambus stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total transaction of $850,750.00. Following the completion of the transaction, the director directly owned 18,223 shares in the company, valued at $3,100,643.45. This represents a 21.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 79,850 shares of company stock valued at $11,649,796. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RMBS shares. Robert W. Baird lowered shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Tuesday, April 28th. Jefferies Financial Group lifted their price objective on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Wells Fargo & Company lifted their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Finally, Rosenblatt Securities lifted their price objective on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.43.

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.