Stephens Investment Management Group LLC Has $35.08 Million Stake in Rambus, Inc. $RMBS

Stephens Investment Management Group LLC raised its holdings in Rambus, Inc. (NASDAQ:RMBS) by 110.5% in the first quarter, HoldingsChannel.com reports. The firm owned 407,783 shares of the semiconductor company’s stock after purchasing an additional 214,081 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Rambus were worth $35,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RMBS. Acumen Wealth Advisors LLC bought a new position in shares of Rambus during the fourth quarter worth approximately $25,000. Torren Management LLC bought a new stake in shares of Rambus in the fourth quarter valued at approximately $26,000. Spire Wealth Management grew its position in Rambus by 199.0% during the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after buying an additional 201 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Rambus during the 4th quarter worth $28,000. Finally, IFP Advisors Inc increased its stake in Rambus by 126.7% during the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Evercore reaffirmed an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Wells Fargo & Company upped their price objective on shares of Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird downgraded shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Tuesday, April 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.43.

Insider Buying and Selling at Rambus

In other Rambus news, EVP Xianzhi Sean Fan sold 37,914 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the transaction, the executive vice president directly owned 168,358 shares in the company, valued at approximately $25,538,225.02. This trade represents a 18.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Meera Rao sold 2,972 shares of Rambus stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $150.30, for a total value of $446,691.60. Following the sale, the director directly owned 19,974 shares in the company, valued at $3,002,092.20. The trade was a 12.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 74,424 shares of company stock worth $11,179,633 over the last three months. 0.75% of the stock is owned by corporate insiders.

Rambus Price Performance

Shares of Rambus stock opened at $112.92 on Friday. The company’s 50 day moving average price is $135.95 and its two-hundred day moving average price is $113.11. The firm has a market capitalization of $12.21 billion, a P/E ratio of 53.77 and a beta of 1.84. Rambus, Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $174.10.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The company had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. On average, analysts expect that Rambus, Inc. will post 2.44 earnings per share for the current 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.