Rice Hall James & Associates LLC Invests $4.62 Million in Rambus, Inc. $RMBS

Rice Hall James & Associates LLC purchased a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 34,819 shares of the semiconductor company’s stock, valued at approximately $4,622,000.

Several other large investors have also made changes to their positions in RMBS. Acumen Wealth Advisors LLC bought a new position in Rambus during the fourth quarter valued at approximately $25,000. Torren Management LLC bought a new stake in Rambus in the fourth quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Rambus in the second quarter worth approximately $41,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Rambus during the 4th quarter worth $28,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Rambus during the 2nd quarter worth $49,000. Institutional investors own 88.54% of the company’s stock.

Rambus Trading Down 0.2%

Shares of Rambus stock opened at $100.61 on Tuesday. The firm has a fifty day simple moving average of $112.23 and a 200-day simple moving average of $113.30. Rambus, Inc. has a 1-year low of $67.15 and a 1-year high of $174.10. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 46.15 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last posted 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 business had revenue of $207.39 million for the quarter, compared to analyst estimates of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. Rambus’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. As a group, research analysts predict that Rambus, Inc. will post 2.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

RMBS has been the subject of several analyst reports. Jefferies Financial Group lifted their price objective on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Glj Research set a $165.00 target price on shares of Rambus in a research report on Tuesday, July 28th. Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Finally, Benchmark reissued a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.78.

Insiders Place Their Bets

In other news, EVP Xianzhi Sean Fan sold 37,914 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 168,358 shares of the company’s stock, valued at approximately $25,538,225.02. This trade represents a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the transaction, the director owned 19,218 shares in the company, valued at $2,805,828. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 62,914 shares of company stock valued at $9,724,775. 0.75% of the stock is owned by company insiders.

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.