Rambus, Inc. $RMBS Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 86.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,148 shares of the semiconductor company’s stock after selling 14,022 shares during the period. Moody National Bank Trust Division’s holdings in Rambus were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RMBS. CoreCap Advisors LLC purchased a new position in shares of Rambus in the 2nd quarter valued at about $53,000. Pacer Advisors Inc. lifted its stake in Rambus by 80.9% during the first quarter. Pacer Advisors Inc. now owns 37,001 shares of the semiconductor company’s stock worth $3,183,000 after purchasing an additional 16,542 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Rambus by 45.2% during the first quarter. Segall Bryant & Hamill LLC now owns 157,450 shares of the semiconductor company’s stock worth $13,545,000 after purchasing an additional 49,021 shares during the last quarter. Argent Capital Management LLC boosted its holdings in Rambus by 56.2% in the first quarter. Argent Capital Management LLC now owns 10,001 shares of the semiconductor company’s stock valued at $860,000 after purchasing an additional 3,598 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Rambus in the first quarter valued at approximately $44,000. 88.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Xianzhi Sean Fan sold 37,914 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $25,538,225.02. This trade represents a 18.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Necip Sayiner sold 5,000 shares of Rambus stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the completion of the sale, the director directly owned 18,223 shares in the company, valued at approximately $3,100,643.45. The trade was a 21.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 62,914 shares of company stock valued at $9,724,775. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Glj Research set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Wells Fargo & Company increased their target price on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird lowered shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Tuesday, April 28th. Finally, Benchmark reissued a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.78.

Rambus Stock Up 0.4%

NASDAQ RMBS opened at $97.68 on Friday. The firm has a market cap of $10.59 billion, a P/E ratio of 44.81 and a beta of 1.88. Rambus, Inc. has a 52-week low of $67.15 and a 52-week high of $174.10. The business’s 50-day moving average price is $120.26 and its 200 day moving average price is $114.13.

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.