Jefferies Financial Group Inc. Acquires Shares of 8,974 Rambus, Inc. $RMBS

Jefferies Financial Group Inc. bought a new position in shares of Rambus, Inc. (NASDAQ:RMBS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,974 shares of the semiconductor company’s stock, valued at approximately $1,191,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Krilogy Financial LLC grew its stake in shares of Rambus by 3.8% during the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 81 shares during the period. Oak Grove Capital LLC boosted its holdings in Rambus by 1.3% during the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Rambus by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock valued at $2,213,000 after acquiring an additional 103 shares during the last quarter. Balefire LLC grew its holdings in Rambus by 3.8% during the first quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 108 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of Rambus by 3.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Benchmark restated a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Rosenblatt Securities restated a “buy” rating and issued a $165.00 target price on shares of Rambus in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Finally, Glj Research set a $165.00 price objective on Rambus in a research report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Rambus presently has an average rating of “Moderate Buy” and a consensus price target of $145.88.

Rambus Price Performance

RMBS opened at $85.76 on Monday. The company’s 50-day moving average price is $103.19 and its two-hundred day moving average price is $112.05. Rambus, Inc. has a twelve month low of $70.90 and a twelve month high of $174.10. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 39.34 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. The company 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%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current year.

Insider Transactions at Rambus

In related news, Director Emiko Higashi sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,605,000.00. Following the completion of the sale, the director directly owned 49,519 shares in the company, valued at $7,947,799.50. This represents a 16.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Necip Sayiner sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total value of $850,750.00. Following the completion of the sale, the director owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. This trade represents a 21.53% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.

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.