163,242 Shares in Rambus, Inc. $RMBS Bought by Axiom Investors LLC DE

Axiom Investors LLC DE bought a new position in Rambus, Inc. (NASDAQ:RMBS) during the 4th quarter, Holdings Channel reports. The fund bought 163,242 shares of the semiconductor company’s stock, valued at approximately $15,000,000.

Several other institutional investors have also recently bought and sold shares of RMBS. Northwestern Mutual Investment Management Company LLC grew its position in Rambus by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after purchasing an additional 103 shares during the last quarter. Krilogy Financial LLC grew its position in Rambus by 5.3% in the 4th quarter. Krilogy Financial LLC now owns 2,157 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 108 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Rambus by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 110 shares during the last quarter. Parallel Advisors LLC grew its position in Rambus by 5.0% in the 4th quarter. Parallel Advisors LLC now owns 2,503 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 120 shares during the last quarter. Finally, Allworth Financial LP grew its position in Rambus by 8.2% in the 3rd quarter. Allworth Financial LP now owns 1,601 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

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 shares were 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 approximately $25,538,225.02. This represents a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emiko Higashi sold 10,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,947,799.50. The trade was a 16.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 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.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore restated an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research report on Tuesday, April 28th. Rosenblatt Securities raised their price target 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. Wells Fargo & Company raised their price target 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 raised their price target 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.43.

Rambus Stock Down 3.4%

NASDAQ:RMBS opened at $146.84 on Wednesday. The firm has a market cap of $15.88 billion, a PE ratio of 69.92 and a beta of 1.84. Rambus, Inc. has a 12 month low of $57.98 and a 12 month high of $174.10. The company’s 50-day moving average price is $127.54 and its two-hundred day moving average price is $108.95.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The company had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. On average, research analysts expect that Rambus, Inc. will post 2.44 EPS for the current fiscal 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.