Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Position in Rambus, Inc. $RMBS

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 57.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,435 shares of the semiconductor company’s stock after acquiring an additional 19,046 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Rambus were worth $5,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RMBS. NewEdge Advisors LLC raised its holdings in Rambus by 22,321.4% during the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 9,375 shares during the last quarter. Empowered Funds LLC grew its holdings in Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 5,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Rambus by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock valued at $16,025,000 after buying an additional 19,120 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Rambus during the 1st quarter worth $218,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Rambus by 32.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,176 shares of the semiconductor company’s stock worth $605,000 after buying an additional 2,264 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Price Performance

NASDAQ:RMBS opened at $114.19 on Tuesday. The firm has a market cap of $12.29 billion, a PE ratio of 54.12 and a beta of 1.51. The firm has a 50 day simple moving average of $98.19 and a 200-day simple moving average of $90.85. Rambus, Inc. has a 1-year low of $40.12 and a 1-year high of $135.75.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 27th. The semiconductor company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). The firm had revenue of $178.51 million during the quarter, compared to analysts’ expectations of $175.60 million. Rambus had a return on equity of 17.73% and a net margin of 33.72%.During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts expect that Rambus, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Jefferies Financial Group raised shares of Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Susquehanna set a $100.00 price target on shares of Rambus and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company lifted their price objective on Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Evercore ISI upped their target price on Rambus from $114.00 to $126.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings cut Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $108.14.

Insider Activity

In other news, Director Eric B. Stang sold 4,000 shares of Rambus stock in a transaction on Monday, November 10th. The stock was sold at an average price of $111.78, for a total value of $447,120.00. Following the completion of the sale, the director owned 20,394 shares of the company’s stock, valued at $2,279,641.32. The trade was a 16.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Rambus 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.