Jupiter Topco LLC Takes Position in Rambus, Inc. $RMBS

Jupiter Topco LLC acquired a new stake in Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 288,553 shares of the semiconductor company’s stock, valued at approximately $38,296,000. Jupiter Topco LLC owned about 0.27% of Rambus at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RMBS. BlackRock Inc. bought a new position in Rambus during the second quarter valued at about $1,853,645,000. Invesco Ltd. boosted its stake in shares of Rambus by 70.6% during the 4th quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock worth $381,220,000 after acquiring an additional 1,716,621 shares in the last quarter. Norges Bank bought a new stake in shares of Rambus during the 4th quarter worth about $156,356,000. Bank of America Corp DE increased its holdings in shares of Rambus by 196.0% during the 3rd quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company’s stock valued at $161,579,000 after acquiring an additional 1,026,776 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Rambus by 1,009.5% during the 1st quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company’s stock valued at $89,463,000 after acquiring an additional 946,177 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Emiko Higashi sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,605,000.00. Following the transaction, the director owned 49,519 shares of the company’s stock, valued at approximately $7,947,799.50. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Necip Sayiner sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the transaction, the director owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. The trade was a 21.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 20,000 shares of company stock valued at $3,185,750. 0.75% of the stock is owned by company insiders.

Rambus Stock Up 1.2%

Shares of NASDAQ:RMBS opened at $91.11 on Friday. The business has a 50 day moving average price of $104.29 and a 200 day moving average price of $112.23. Rambus, Inc. has a twelve month low of $70.90 and a twelve month high of $174.10. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 41.79 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $207.39 million for the quarter, compared to analyst estimates of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Analysts anticipate that Rambus, Inc. will post 2.52 EPS for the current year.

Analyst Upgrades and Downgrades

RMBS has been the subject of several analyst reports. Glj Research set a $165.00 target price on Rambus in a report on Tuesday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research report on Friday, June 5th. Benchmark restated a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.88.

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.