BNP Paribas Financial Markets Has $22.65 Million Stock Holdings in Rambus, Inc. $RMBS

BNP Paribas Financial Markets lifted its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 49.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,494 shares of the semiconductor company’s stock after buying an additional 81,183 shares during the period. BNP Paribas Financial Markets’ holdings in Rambus were worth $22,650,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Rambus by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 12,701,773 shares of the semiconductor company’s stock worth $1,323,525,000 after buying an additional 140,948 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Rambus by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock worth $261,256,000 after buying an additional 94,214 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Rambus by 4.7% during the 3rd quarter. Invesco Ltd. now owns 2,432,032 shares of the semiconductor company’s stock worth $253,418,000 after buying an additional 109,908 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Rambus by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,928,697 shares of the semiconductor company’s stock worth $200,966,000 after buying an additional 11,024 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Rambus by 572.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company’s stock worth $189,856,000 after buying an additional 1,551,159 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RMBS. Weiss Ratings downgraded shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Rosenblatt Securities upped their target price on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. 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. Jefferies Financial Group upped their target price on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Wells Fargo & Company upped 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. One research 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’s stock. According to data from MarketBeat.com, Rambus currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.43.

Rambus Stock Performance

Shares of RMBS stock opened at $145.31 on Friday. The firm’s 50-day moving average is $125.18 and its 200-day moving average is $107.98. The stock has a market cap of $15.71 billion, a price-to-earnings ratio of 69.20 and a beta of 1.84. Rambus, Inc. has a 52-week low of $57.12 and a 52-week high of $174.10.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company 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 EPS for the current fiscal year.

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 2,972 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $150.30, for a total value of $446,691.60. Following the transaction, the director directly owned 19,974 shares of the company’s stock, valued at $3,002,092.20. This represents a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiko Higashi sold 10,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,605,000.00. Following the completion of the transaction, the director directly owned 49,519 shares in the company, valued at approximately $7,947,799.50. This represents a 16.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 79,850 shares of company stock worth $11,649,796 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

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.