Rambus, Inc. $RMBS Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG cut its stake in Rambus, Inc. (NASDAQ:RMBS) by 22.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,000 shares of the semiconductor company’s stock after selling 11,000 shares during the period. Raiffeisen Bank International AG’s holdings in Rambus were worth $4,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RMBS. BlackRock Inc. acquired a new position in Rambus during the 2nd quarter valued at approximately $1,853,645,000. Invesco Ltd. lifted its stake in shares of Rambus by 70.6% during the fourth quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock worth $381,220,000 after buying an additional 1,716,621 shares during the period. Norges Bank purchased a new stake in shares of Rambus during the fourth quarter valued at $156,356,000. Bank of America Corp DE acquired a new position in shares of Rambus in the 2nd quarter valued at $161,774,000. Finally, Bessemer Group Inc. increased its position in shares of Rambus by 1,009.5% in the 1st quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company’s stock valued at $89,463,000 after acquiring an additional 946,177 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

RMBS has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price target on shares of Rambus in a research report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research note on Wednesday. Glj Research set a $165.00 target price on Rambus in a research report on Tuesday, July 28th. Finally, Benchmark reiterated a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Rambus currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.88.

Rambus Stock Performance

RMBS stock opened at $85.46 on Friday. Rambus, Inc. has a one year low of $72.45 and a one year high of $174.10. The firm’s fifty day moving average is $99.07 and its 200 day moving average is $111.42. The firm has a market cap of $9.27 billion, a PE ratio of 39.20 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The business had revenue of $207.39 million during the quarter, compared to the consensus estimate of $199.30 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. Research analysts predict that Rambus, Inc. will post 2.52 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.