Rambus, Inc. $RMBS Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. cut its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 21.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 88,990 shares of the semiconductor company’s stock after selling 23,710 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Rambus were worth $8,177,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Rambus by 16.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,362 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 751 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Rambus by 85.9% during the 4th quarter. Intech Investment Management LLC now owns 120,052 shares of the semiconductor company’s stock worth $11,032,000 after acquiring an additional 55,481 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Rambus by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock worth $261,256,000 after acquiring an additional 94,214 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Rambus by 238.4% during the 4th quarter. Fisher Asset Management LLC now owns 517,278 shares of the semiconductor company’s stock worth $47,533,000 after acquiring an additional 364,396 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of Rambus by 26.1% during the 4th quarter. Clearstead Advisors LLC now owns 3,168 shares of the semiconductor company’s stock worth $291,000 after acquiring an additional 656 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RMBS. Rosenblatt Securities raised their price objective on Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wells Fargo & Company raised their price objective on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Tuesday, April 28th. Jefferies Financial Group raised their price objective on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.43.

Rambus Stock Down 1.7%

Shares of Rambus stock opened at $145.46 on Friday. The stock has a market cap of $15.73 billion, a PE ratio of 69.27 and a beta of 1.79. The business has a fifty day simple moving average of $118.55 and a 200-day simple moving average of $105.92. Rambus, Inc. has a 12 month low of $52.12 and a 12 month high of $161.80.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The business 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%. Analysts expect that Rambus, Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Luc Seraphin sold 5,426 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $86.65, for a total value of $470,162.90. Following the completion of the sale, the chief executive officer owned 345,767 shares of the company’s stock, valued at $29,960,710.55. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meera Rao sold 2,972 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $150.30, for a total value of $446,691.60. Following the completion of the sale, the director directly owned 19,974 shares of the company’s stock, valued at approximately $3,002,092.20. This trade represents a 12.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 99,764 shares of company stock worth $12,400,764. 0.75% of the stock is currently owned by corporate insiders.

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.