Rice Hall James & Associates LLC Sells 3,834 Shares of Rambus, Inc. $RMBS

Rice Hall James & Associates LLC trimmed its stake in Rambus, Inc. (NASDAQ:RMBS) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,945 shares of the semiconductor company’s stock after selling 3,834 shares during the period. Rice Hall James & Associates LLC’s holdings in Rambus were worth $4,130,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RMBS. Norges Bank bought a new position in shares of Rambus in the fourth quarter worth approximately $156,356,000. Alliancebernstein L.P. increased its position in shares of Rambus by 572.7% in the third quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company’s stock worth $189,856,000 after purchasing an additional 1,551,159 shares during the last quarter. Bank of America Corp DE increased its position in shares of Rambus by 196.0% in the third quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company’s stock worth $161,579,000 after purchasing an additional 1,026,776 shares during the last quarter. Rafferty Asset Management LLC bought a new position in shares of Rambus in the third quarter worth approximately $93,962,000. Finally, Barclays PLC increased its position in shares of Rambus by 183.1% in the third quarter. Barclays PLC now owns 894,906 shares of the semiconductor company’s stock worth $93,249,000 after purchasing an additional 578,839 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RMBS shares. Wells Fargo & Company upped their price objective on shares of Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Jefferies Financial Group upped their price objective on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird cut shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research report on Tuesday, April 28th. Rosenblatt Securities upped their price objective on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rambus presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.43.

Insiders Place Their Bets

In other Rambus news, EVP Xianzhi Sean Fan sold 37,914 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Meera Rao sold 2,972 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $150.30, for a total value of $446,691.60. Following the transaction, the director owned 19,974 shares in the company, valued at approximately $3,002,092.20. The trade was a 12.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,850 shares of company stock valued at $11,649,796 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Rambus Price Performance

Shares of RMBS opened at $143.29 on Tuesday. The firm has a market cap of $15.50 billion, a P/E ratio of 68.23 and a beta of 1.84. The stock has a 50 day simple moving average of $132.01 and a two-hundred day simple moving average of $110.44. Rambus, Inc. has a 1 year low of $58.81 and a 1 year high of $174.10.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) 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 analyst estimates of $179.94 million. Rambus had a return on equity of 17.41% and a net margin of 31.90%. On average, equities analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current year.

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.