Rambus, Inc. $RMBS Stake Lessened by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 39.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 230,337 shares of the semiconductor company’s stock after selling 150,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.21% of Rambus worth $24,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RMBS. Tealwood Asset Management Inc. increased its position in shares of Rambus by 0.7% during the 2nd quarter. Tealwood Asset Management Inc. now owns 20,460 shares of the semiconductor company’s stock valued at $1,310,000 after purchasing an additional 150 shares during the period. Signaturefd LLC lifted its holdings in shares of Rambus by 14.8% in the second quarter. Signaturefd LLC now owns 1,288 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 166 shares during the period. Farther Finance Advisors LLC boosted its stake in Rambus by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,045 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 167 shares in the last quarter. Campbell Newman Asset Management Inc. grew its holdings in Rambus by 0.5% during the third quarter. Campbell Newman Asset Management Inc. now owns 41,851 shares of the semiconductor company’s stock worth $4,361,000 after acquiring an additional 188 shares during the period. Finally, Dakota Wealth Management raised its position in Rambus by 3.4% in the second quarter. Dakota Wealth Management now owns 5,681 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 189 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rambus news, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $102.35, for a total value of $511,750.00. Following the transaction, the director owned 24,394 shares in the company, valued at approximately $2,496,725.90. This represents a 17.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Rambus Stock Performance

NASDAQ RMBS opened at $107.99 on Monday. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 51.18 and a beta of 1.51. Rambus, Inc. has a twelve month low of $40.12 and a twelve month high of $114.55. The firm’s 50 day moving average price is $96.16 and its two-hundred day moving average price is $88.68.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $178.51 million for the quarter, compared to analyst estimates of $175.60 million. Rambus had a return on equity of 17.73% and a net margin of 33.72%.The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, research analysts forecast that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Evercore ISI raised their target price on shares of Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Cfra Research lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Susquehanna set a $100.00 price target on Rambus and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group raised Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $108.14.

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.