Hussman Strategic Advisors Inc. Acquires Shares of 10,500 Rambus, Inc. $RMBS

Hussman Strategic Advisors Inc. acquired a new position in shares of Rambus, Inc. (NASDAQ:RMBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,500 shares of the semiconductor company’s stock, valued at approximately $1,094,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new position in Rambus during the 3rd quarter worth approximately $25,000. True Wealth Design LLC lifted its stake in Rambus by 162.5% in the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 260 shares during the last quarter. Abound Wealth Management acquired a new stake in shares of Rambus in the third quarter valued at approximately $28,000. Bessemer Group Inc. grew its position 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 acquiring an additional 238 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Rambus by 1,386.0% during the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 596 shares during the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rambus

In other news, Director Eric B. Stang sold 4,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 20,394 shares of the company’s stock, valued at $2,279,641.32. This trade represents a 16.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Rambus Stock Up 7.5%

Shares of NASDAQ:RMBS opened at $124.44 on Thursday. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $135.75. The firm’s 50-day simple moving average is $99.44 and its 200-day simple moving average is $91.45. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 58.98 and a beta of 1.51.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). Rambus had a net margin of 33.72% and a return on equity of 17.73%. The firm had revenue of $178.51 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the previous year, the business earned $0.45 EPS. Rambus’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, research analysts forecast that Rambus, Inc. will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research upgraded shares of Rambus to a “hold” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Cfra Research downgraded shares of Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Susquehanna set a $100.00 price target on Rambus and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group upgraded Rambus to a “strong-buy” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $108.14.

Rambus Company 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.