Rice Hall James & Associates LLC Has $5.08 Million Stock Position in Rambus, Inc. $RMBS

Rice Hall James & Associates LLC reduced its holdings in Rambus, Inc. (NASDAQ:RMBS) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,779 shares of the semiconductor company’s stock after selling 20,007 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Rambus were worth $5,083,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Abound Wealth Management acquired a new stake in shares of Rambus during the 3rd quarter worth approximately $28,000. True Wealth Design LLC grew its holdings in Rambus by 162.5% in the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 260 shares during the period. Bessemer Group Inc. increased its stake in Rambus by 105.8% in the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 238 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Rambus by 1,386.0% in the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 596 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Rambus by 83.3% during the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 353 shares during the period. 88.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RMBS has been the topic of several recent research reports. Susquehanna set a $100.00 price target on Rambus and gave the stock a “neutral” rating in a report on Monday, October 6th. Robert W. Baird boosted their price target on shares of Rambus from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Wells Fargo & Company raised their price objective on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Jefferies Financial Group raised shares of Rambus to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Rambus in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $108.14.

Rambus Trading Down 0.4%

Shares of Rambus stock opened at $94.11 on Friday. The business’s fifty day simple moving average is $98.61 and its 200 day simple moving average is $84.69. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $114.55. The firm has a market capitalization of $10.13 billion, a P/E ratio of 44.60 and a beta of 1.51.

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

Insider Transactions at Rambus

In other news, Director Meera Rao sold 653 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $101.99, for a total transaction of $66,599.47. Following the completion of the transaction, the director directly owned 29,261 shares of the company’s stock, valued at $2,984,329.39. This represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric B. Stang sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $111.78, for a total value of $447,120.00. Following the completion of the transaction, the director owned 20,394 shares in the company, valued at approximately $2,279,641.32. The trade was a 16.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,653 shares of company stock valued at $1,025,469 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.