Norges Bank Takes $156.36 Million Position in Rambus, Inc. $RMBS

Norges Bank bought a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,701,551 shares of the semiconductor company’s stock, valued at approximately $156,356,000.

A number of other institutional investors have also recently modified their holdings of the business. Baader Bank Aktiengesellschaft acquired a new stake in Rambus in the 3rd quarter worth about $1,149,000. M&T Bank Corp boosted its holdings in Rambus by 2,372.0% in the 4th quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock worth $11,269,000 after buying an additional 117,675 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Rambus in the 3rd quarter worth about $17,276,000. TD Asset Management Inc boosted its holdings in Rambus by 463.6% in the 3rd quarter. TD Asset Management Inc now owns 25,306 shares of the semiconductor company’s stock worth $2,637,000 after buying an additional 20,816 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Rambus in the 3rd quarter worth about $30,341,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RMBS has been the topic of several research analyst reports. Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Tuesday, April 28th. Wells Fargo & Company lifted their price objective on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Weiss Ratings cut Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 10th. Jefferies Financial Group lifted their price objective on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Evercore reiterated an “outperform” rating and issued a $172.00 price objective on shares of Rambus in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.43.

Rambus News Roundup

Here are the key news stories impacting Rambus this week:

• Positive Sentiment: Investor enthusiasm remains supported by Rambus’ AI and data-center memory roadmap, including new product and IP announcements tied to next-generation AI infrastructure. Rambus shares jump as investors focus on AI-memory roadmap ahead of conference updates
• Positive Sentiment: The company recently beat quarterly EPS and revenue expectations, reinforcing the growth story behind the stock’s strong move higher. Rambus earnings and stock information
• Neutral Sentiment: A top-analyst rating update was published, but the details provided do not indicate a clear change in outlook. Rambus receives a rating update from a top analyst
• Negative Sentiment: Director Emiko Higashi sold 10,000 shares, adding to concerns that insiders are taking profits after the stock’s sharp run-up. SEC filing for Emiko Higashi sale
• Negative Sentiment: Director Necip Sayiner sold 5,000 shares, and additional reports showed other recent insider sales, reinforcing a pattern of insider selling at Rambus. SEC filing for Necip Sayiner sale
• Negative Sentiment: Another report highlighted that several Rambus insiders have been quietly cashing in with major stock sales, which may pressure shares despite the positive business narrative. Top Rambus Insiders Quietly Cash In With Major Stock Sales

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 5,426 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $86.65, for a total transaction of $470,162.90. Following the transaction, the chief executive officer directly owned 345,767 shares in the company, valued at $29,960,710.55. The trade was a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meera Rao sold 8,538 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $118.08, for a total value of $1,008,167.04. Following the transaction, the director owned 22,946 shares in the company, valued at approximately $2,709,463.68. This represents a 27.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 79,850 shares of company stock worth $11,649,796. 0.75% of the stock is owned by company insiders.

Rambus Price Performance

Shares of Rambus stock opened at $170.66 on Thursday. The stock has a market cap of $18.46 billion, a P/E ratio of 81.27 and a beta of 1.84. The stock’s 50 day simple moving average is $122.66 and its 200-day simple moving average is $107.20. Rambus, Inc. has a 1-year low of $56.08 and a 1-year high of $174.10.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $180.19 million for 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, research analysts expect that Rambus, Inc. will post 2.44 EPS 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.