Rambus, Inc. $RMBS Shares Sold by UBS Group AG

UBS Group AG lowered its position in Rambus, Inc. (NASDAQ:RMBS) by 19.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 455,670 shares of the semiconductor company’s stock after selling 110,135 shares during the quarter. UBS Group AG’s holdings in Rambus were worth $41,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in Rambus in the third quarter valued at about $25,000. Spire Wealth Management lifted its position in shares of Rambus by 199.0% during the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 201 shares during the period. IFP Advisors Inc lifted its position in shares of Rambus by 126.7% during the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 247 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Rambus by 1,194.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 505 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 466 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Rambus during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

RMBS has been the subject of a number of research reports. Weiss Ratings downgraded shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Susquehanna reduced their price target on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. William Blair initiated coverage on shares of Rambus in a research report on Thursday, January 22nd. They set an “outperform” rating for the company. Rosenblatt Securities lifted their price target on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Zacks Research upgraded shares of Rambus to a “hold” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.43.

Rambus Price Performance

Shares of Rambus stock opened at $126.60 on Friday. Rambus, Inc. has a 1 year low of $50.89 and a 1 year high of $161.80. The company has a market capitalization of $13.69 billion, a P/E ratio of 60.29 and a beta of 1.79. The business has a 50 day moving average price of $104.61 and a 200 day moving average price of $102.25.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data 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 return on equity of 17.41% and a net margin of 31.90%.The firm had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. As a group, research analysts expect that Rambus, Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Meera Rao sold 8,538 shares of Rambus stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $118.08, for a total transaction of $1,008,167.04. Following the completion of the transaction, the director directly owned 22,946 shares in the company, valued at $2,709,463.68. The trade was a 27.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction that occurred on Monday, March 2nd. The stock was 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 $32,653,434.10. This represents a 10.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,123 shares of company stock worth $6,295,577 in the last ninety days. Insiders own 0.75% of the company’s stock.

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.