Moody National Bank Trust Division Decreases Stock Holdings in Rambus, Inc. $RMBS

Moody National Bank Trust Division reduced its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,785 shares of the semiconductor company’s stock after selling 8,190 shares during the period. Moody National Bank Trust Division’s holdings in Rambus were worth $1,267,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hussman Strategic Advisors Inc. purchased a new position in shares of Rambus during the 3rd quarter worth $1,094,000. Nordea Investment Management AB grew its holdings in shares of Rambus by 101.7% in the third quarter. Nordea Investment Management AB now owns 139,430 shares of the semiconductor company’s stock valued at $14,669,000 after purchasing an additional 70,314 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of Rambus in the third quarter valued at about $1,149,000. Mirae Asset Global Investments Co. Ltd. increased its position in Rambus by 1,320.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,676 shares of the semiconductor company’s stock worth $13,512,000 after purchasing an additional 120,549 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in Rambus by 3.7% during the second quarter. Panagora Asset Management Inc. now owns 477,359 shares of the semiconductor company’s stock worth $30,561,000 after purchasing an additional 16,921 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rambus

In other Rambus news, CFO Desmond Lynch sold 4,273 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total value of $433,837.69. Following the sale, the chief financial officer owned 63,618 shares of the company’s stock, valued at $6,459,135.54. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Luc Seraphin sold 39,914 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $98.63, for a total value of $3,936,717.82. Following the transaction, the chief executive officer owned 331,070 shares in the company, valued at $32,653,434.10. This trade represents a 10.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RMBS shares. Cfra lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a report on Monday, December 15th. William Blair started coverage on shares of Rambus in a report on Thursday, January 22nd. They set an “outperform” rating for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Rambus in a research report on Tuesday, February 3rd. Zacks Research upgraded Rambus to a “hold” rating in a report on Monday, January 26th. Finally, Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.71.

Rambus Trading Up 3.5%

Shares of NASDAQ:RMBS opened at $95.93 on Thursday. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 45.46 and a beta of 1.55. Rambus, Inc. has a 12-month low of $40.12 and a 12-month high of $135.75. The business has a 50-day moving average price of $101.81 and a 200 day moving average price of $98.94.

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

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.