Rambus, Inc. $RMBS Shares Sold by Globeflex Capital L P

Globeflex Capital L P lessened its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 7.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 59,103 shares of the semiconductor company’s stock after selling 4,715 shares during the quarter. Globeflex Capital L P’s holdings in Rambus were worth $5,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Rambus during the 3rd quarter valued at $1,149,000. M&T Bank Corp lifted its position in shares of Rambus by 2,372.0% during the 4th quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock valued at $11,269,000 after acquiring an additional 117,675 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Rambus during the 3rd quarter valued at $17,276,000. TD Asset Management Inc lifted its position in shares of Rambus by 463.6% during the 3rd quarter. TD Asset Management Inc now owns 25,306 shares of the semiconductor company’s stock valued at $2,637,000 after acquiring an additional 20,816 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Rambus during the 3rd quarter valued at $30,341,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling

In other news, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 19,218 shares of the company’s stock, valued at approximately $2,805,828. This represents a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the completion of the transaction, the executive vice president directly owned 168,358 shares in the company, valued at $25,538,225.02. This trade represents a 18.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 79,850 shares of company stock valued at $11,649,796. 0.75% of the stock is currently owned by company insiders.

Rambus Stock Down 0.8%

RMBS opened at $169.35 on Friday. The stock has a fifty day moving average of $124.19 and a 200-day moving average of $107.72. The firm has a market capitalization of $18.31 billion, a P/E ratio of 80.64 and a beta of 1.84. Rambus, Inc. has a 12-month low of $56.21 and a 12-month high of $174.10.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Jefferies Financial Group increased their price objective on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a report on Tuesday, April 28th. Finally, Rosenblatt Securities increased their target price on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One research 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 presently has an average rating of “Moderate Buy” and a consensus price target 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.