Hsbc Holdings PLC Has $1.89 Million Stake in Rambus, Inc. $RMBS

Hsbc Holdings PLC boosted its holdings in Rambus, Inc. (NASDAQ:RMBS) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,434 shares of the semiconductor company’s stock after purchasing an additional 7,733 shares during the period. Hsbc Holdings PLC’s holdings in Rambus were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RMBS. Rockefeller Capital Management L.P. grew its holdings in shares of Rambus by 22.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,684 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 489 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Rambus during the fourth quarter valued at approximately $80,000. Oak Grove Capital LLC grew its stake in Rambus by 1.3% in the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 100 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Rambus by 8.5% during the 4th quarter. Pacer Advisors Inc. now owns 20,459 shares of the semiconductor company’s stock worth $1,880,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Rambus during the 4th quarter worth approximately $253,000. 88.54% of the stock is owned by institutional investors.

Rambus Trading Down 1.8%

Shares of NASDAQ:RMBS traded down $2.03 during trading on Friday, reaching $112.10. 1,910,616 shares of the stock were exchanged, compared to its average volume of 3,523,518. Rambus, Inc. has a 12 month low of $61.16 and a 12 month high of $174.10. The stock has a 50-day moving average price of $133.82 and a 200-day moving average price of $113.72. The firm has a market cap of $12.12 billion, a PE ratio of 53.38 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $179.94 million. Rambus had a return on equity of 17.41% and a net margin of 31.90%. On average, sell-side analysts expect that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Rambus

In other news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the sale, the director directly owned 19,218 shares in the company, valued at approximately $2,805,828. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Xianzhi Sean Fan sold 37,914 shares of Rambus stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the transaction, the executive vice president directly owned 168,358 shares of the company’s stock, valued at $25,538,225.02. This represents a 18.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 74,424 shares of company stock valued at $11,179,633. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RMBS shares. Robert W. Baird downgraded Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Tuesday, April 28th. Rosenblatt Securities boosted their target price on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company increased their price target on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Evercore reissued an “outperform” rating and issued a $172.00 price objective on shares of Rambus in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group boosted their price objective on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.