HighTower Advisors LLC Has $16.05 Million Stock Holdings in Rambus, Inc. $RMBS

HighTower Advisors LLC reduced its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 29.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 154,029 shares of the semiconductor company’s stock after selling 64,491 shares during the quarter. HighTower Advisors LLC’s holdings in Rambus were worth $16,050,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RMBS. Steigerwald Gordon & Koch Inc. acquired a new stake in Rambus during the 3rd quarter worth approximately $25,000. True Wealth Design LLC raised its stake in shares of Rambus by 162.5% during the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 260 shares during the last quarter. Abound Wealth Management bought a new position in shares of Rambus during the third quarter valued at $28,000. Bessemer Group Inc. lifted its holdings in shares of Rambus by 105.8% during the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 238 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Rambus by 1,386.0% in the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 596 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Price Performance

Shares of NASDAQ:RMBS opened at $104.13 on Friday. Rambus, Inc. has a 1 year low of $40.12 and a 1 year high of $135.75. The business’s 50-day moving average is $101.93 and its 200-day moving average is $95.41. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 49.35 and a beta of 1.53.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. The business had revenue of $190.24 million during the quarter, compared to the consensus estimate of $188.21 million. Rambus had a return on equity of 17.69% and a net margin of 32.57%. Analysts anticipate that Rambus, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RMBS. Cfra lowered Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Jefferies Financial Group raised Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore cut their price objective on Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. William Blair began coverage on Rambus in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Finally, Susquehanna lowered their price target on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.71.

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.