Rambus Inc. (NASDAQ:RMBS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in Rambus Inc. (NASDAQ:RMBS) by 13.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,835 shares of the semiconductor company’s stock after selling 4,420 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Rambus were worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 224 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Rambus by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Rambus in the 3rd quarter valued at about $39,000. GAMMA Investing LLC acquired a new stake in shares of Rambus in the 4th quarter valued at about $66,000. Finally, NBC Securities Inc. purchased a new position in Rambus during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RMBS. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company upped their price target on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.75.

Insiders Place Their Bets

In other news, CEO Luc Seraphin sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $62.17, for a total transaction of $932,550.00. Following the transaction, the chief executive officer now directly owns 304,755 shares in the company, valued at $18,946,618.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $62.17, for a total value of $932,550.00. Following the completion of the sale, the chief executive officer now directly owns 304,755 shares of the company’s stock, valued at approximately $18,946,618.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Shinn sold 3,928 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $64.93, for a total value of $255,045.04. Following the transaction, the senior vice president now directly owns 28,448 shares in the company, valued at approximately $1,847,128.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,084 shares of company stock worth $7,408,298. 1.00% of the stock is owned by insiders.

Rambus Trading Down 1.1 %

Rambus stock opened at $56.34 on Wednesday. The stock has a 50 day moving average of $59.86 and a two-hundred day moving average of $62.48. Rambus Inc. has a twelve month low of $46.89 and a twelve month high of $76.38. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 17.23 and a beta of 1.18.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Rambus had a return on equity of 16.99% and a net margin of 78.14%. The company had revenue of $117.90 million for the quarter, compared to analysts’ expectations of $132.00 million. During the same quarter last year, the company earned $0.35 EPS. Rambus’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts predict that Rambus Inc. will post 1.63 earnings per share for the current year.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.