Rambus, Inc. $RMBS Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,936 shares of the semiconductor company’s stock after selling 6,206 shares during the quarter. Stephens Inc. AR’s holdings in Rambus were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RMBS. Torren Management LLC acquired a new stake in Rambus during the 4th quarter worth approximately $26,000. Spire Wealth Management lifted its holdings in shares of Rambus by 199.0% in the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 201 shares during the period. IFP Advisors Inc boosted its stake in shares of Rambus by 126.7% in the third quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 247 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Rambus in the fourth quarter valued at approximately $50,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Rambus by 83.3% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 353 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Evercore restated an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Jefferies Financial Group lifted their price target on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wells Fargo & Company lifted their price target on Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Finally, Rosenblatt Securities lifted their price target on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.43.

Insider Buying and Selling

In related news, CFO Desmond Lynch sold 4,273 shares of Rambus stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total transaction of $433,837.69. Following the completion of the transaction, the chief financial officer directly owned 63,618 shares of the company’s stock, valued at approximately $6,459,135.54. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $98.63, for a total value of $3,936,717.82. Following the transaction, the chief executive officer directly owned 331,070 shares of the company’s stock, valued at approximately $32,653,434.10. This represents a 10.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,123 shares of company stock valued at $6,295,577. 0.75% of the stock is owned by insiders.

Rambus Stock Performance

Shares of RMBS stock opened at $123.76 on Tuesday. The stock has a fifty day moving average price of $109.34 and a 200 day moving average price of $103.63. The stock has a market cap of $13.38 billion, a PE ratio of 58.93 and a beta of 1.79. Rambus, Inc. has a 1 year low of $52.12 and a 1 year high of $161.80.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data 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 firm had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $179.94 million. Rambus had a return on equity of 17.41% and a net margin of 31.90%. As a group, equities research analysts predict that Rambus, Inc. will post 2.44 earnings per share for the current year.

About Rambus

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.