AMJ Financial Wealth Management Boosts Stock Holdings in Rambus, Inc. $RMBS

AMJ Financial Wealth Management boosted its position in Rambus, Inc. (NASDAQ:RMBS) by 252.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,946 shares of the semiconductor company’s stock after purchasing an additional 67,973 shares during the period. Rambus comprises approximately 2.1% of AMJ Financial Wealth Management’s portfolio, making the stock its 23rd biggest holding. AMJ Financial Wealth Management’s holdings in Rambus were worth $8,725,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Hussman Strategic Advisors Inc. purchased a new position in Rambus in the third quarter valued at approximately $1,094,000. Nordea Investment Management AB lifted its stake in Rambus by 101.7% in the third quarter. Nordea Investment Management AB now owns 139,430 shares of the semiconductor company’s stock valued at $14,669,000 after purchasing an additional 70,314 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Rambus in the third quarter valued at approximately $1,149,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Rambus by 57.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 52,435 shares of the semiconductor company’s stock valued at $5,464,000 after purchasing an additional 19,046 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Rambus by 2,372.0% during the 4th quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock valued at $11,269,000 after acquiring an additional 117,675 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RMBS shares. William Blair started coverage on shares of Rambus in a report on Thursday, January 22nd. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their target price on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Susquehanna lowered their target price on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Robert W. Baird cut shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Tuesday, April 28th. Finally, Evercore reissued an “outperform” rating and set a $172.00 target price on shares of Rambus in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Rambus has an average rating of “Moderate Buy” and a consensus target price of $130.43.

Rambus Stock Performance

Rambus stock opened at $127.05 on Friday. The stock has a market cap of $13.74 billion, a P/E ratio of 60.50 and a beta of 1.79. Rambus, Inc. has a fifty-two week low of $52.12 and a fifty-two week high of $161.80. The firm’s fifty day moving average price is $108.71 and its 200-day moving average price is $103.56.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. Sell-side analysts predict that Rambus, Inc. will post 2.44 earnings per share for the current year.

Insider Transactions at Rambus

In other news, CEO Luc Seraphin sold 39,914 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $98.63, for a total value of $3,936,717.82. Following the transaction, the chief executive officer owned 331,070 shares of the company’s stock, valued at approximately $32,653,434.10. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Desmond Lynch sold 4,273 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total transaction of $433,837.69. Following the completion of the transaction, the chief financial officer directly owned 63,618 shares in the company, valued at approximately $6,459,135.54. The trade was a 6.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 61,123 shares of company stock valued at $6,295,577. 0.75% of the stock is currently owned by company insiders.

About Rambus

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.