Marshall Financial Group LLC Makes New $717,000 Investment in Rambus, Inc. $RMBS

Marshall Financial Group LLC purchased a new position in Rambus, Inc. (NASDAQ:RMBS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,801 shares of the semiconductor company’s stock, valued at approximately $717,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in Rambus by 7.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,048 shares of the semiconductor company’s stock worth $975,000 after acquiring an additional 685 shares during the period. Argent Capital Management LLC acquired a new position in Rambus in the fourth quarter valued at approximately $588,000. GAMMA Investing LLC grew its holdings in shares of Rambus by 3.3% during the fourth quarter. GAMMA Investing LLC now owns 4,833 shares of the semiconductor company’s stock valued at $444,000 after purchasing an additional 153 shares during the last quarter. Keel Point LLC bought a new position in shares of Rambus during the third quarter valued at approximately $253,000. Finally, Allworth Financial LP raised its position in shares of Rambus by 8.2% during the 3rd quarter. Allworth Financial LP now owns 1,601 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 121 shares during the period. 88.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RMBS shares. Rosenblatt Securities restated a “buy” rating and set a $130.00 price objective on shares of Rambus in a research report on Tuesday, February 3rd. Susquehanna dropped their target price on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Evercore cut their target price on Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Zacks Research raised shares of Rambus to a “hold” rating in a report on Monday, January 26th. Finally, Cfra lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rambus presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

Insider Buying and Selling at Rambus

In related news, CFO Desmond Lynch sold 4,273 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.53, for a total value of $433,837.69. Following the completion of the sale, the chief financial officer owned 63,618 shares of the company’s stock, valued at $6,459,135.54. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Luc Seraphin sold 39,914 shares of the stock in a transaction dated Monday, March 2nd. The shares were 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 of the company’s stock, valued at $32,653,434.10. This represents a 10.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

Rambus Trading Up 1.8%

Shares of NASDAQ RMBS opened at $93.35 on Tuesday. Rambus, Inc. has a 12-month low of $40.12 and a 12-month high of $135.75. The company has a market cap of $10.10 billion, a PE ratio of 44.24 and a beta of 1.55. The stock has a 50 day simple moving average of $101.96 and a 200-day simple moving average of $98.84.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The firm had revenue of $190.24 million for the quarter, compared to analysts’ expectations of $188.21 million. Rambus had a return on equity of 17.69% and a net margin of 32.57%. Sell-side analysts forecast that Rambus, Inc. will post 1.89 earnings per share for the current fiscal year.

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.