Rambus, Inc. $RMBS Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust reduced its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 21.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 307,248 shares of the semiconductor company’s stock after selling 83,967 shares during the period. Rambus makes up about 1.3% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 18th largest holding. Emerald Mutual Fund Advisers Trust’s holdings in Rambus were worth $26,433,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Acumen Wealth Advisors LLC bought a new stake in Rambus in the fourth quarter valued at $25,000. Torren Management LLC bought a new position in shares of Rambus during the fourth quarter worth about $26,000. Spire Wealth Management grew its position in shares of 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 acquiring an additional 201 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Rambus in the 4th quarter worth about $28,000. Finally, IFP Advisors Inc increased its holdings in shares of Rambus by 126.7% in 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. 88.54% of the stock is owned by institutional investors and hedge funds.

Rambus Stock Down 8.0%

Shares of NASDAQ RMBS opened at $103.11 on Tuesday. Rambus, Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $174.10. The firm’s 50-day simple moving average is $133.58 and its 200 day simple moving average is $113.91. The stock has a market cap of $11.15 billion, a P/E ratio of 49.10 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data 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 business had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. On average, sell-side analysts anticipate that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RMBS has been the subject of a number of analyst reports. Rosenblatt Securities boosted their target price on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Jefferies Financial Group raised their price target on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Tuesday, April 28th. Finally, Wells Fargo & Company boosted their price objective on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.43.

Insider Activity at Rambus

In other Rambus news, Director Necip Sayiner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the sale, the director directly owned 18,223 shares in the company, valued at approximately $3,100,643.45. The trade was a 21.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Meera Rao sold 2,972 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $446,691.60. Following the completion of the sale, the director directly owned 19,974 shares of the company’s stock, valued at approximately $3,002,092.20. This represents a 12.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,886 shares of company stock worth $10,171,466 in the last three months. Insiders own 0.75% of the company’s stock.

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.