SG Americas Securities LLC Has $2.23 Million Holdings in Rambus, Inc. $RMBS

SG Americas Securities LLC trimmed its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 59.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,962 shares of the semiconductor company’s stock after selling 37,690 shares during the period. SG Americas Securities LLC’s holdings in Rambus were worth $2,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Rambus by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,385,570 shares of the semiconductor company’s stock worth $494,881,000 after acquiring an additional 140,226 shares in the last quarter. Invesco Ltd. raised its stake in shares of Rambus by 70.6% in the 4th quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock valued at $381,220,000 after acquiring an additional 1,716,621 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Rambus by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock worth $261,256,000 after purchasing an additional 94,214 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Rambus by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,928,697 shares of the semiconductor company’s stock worth $200,966,000 after purchasing an additional 11,024 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Rambus by 572.7% during the third quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company’s stock worth $189,856,000 after purchasing an additional 1,551,159 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling

In other news, Director Emiko Higashi sold 10,000 shares of the business’s 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 transaction, the director owned 49,519 shares in the company, valued at approximately $7,947,799.50. The trade was a 16.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Meera Rao sold 2,972 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $150.30, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 74,424 shares of company stock worth $11,179,633. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RMBS shares. Evercore reiterated an “outperform” rating and set a $172.00 price target on shares of Rambus in a report on Tuesday, April 28th. Jefferies Financial Group upped their price objective on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Wells Fargo & Company lifted their target price on shares of Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Finally, Rosenblatt Securities boosted their target price on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.43.

Rambus Trading Down 6.7%

RMBS opened at $123.83 on Thursday. The business has a 50 day moving average of $136.68 and a 200-day moving average of $112.98. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 58.97 and a beta of 1.84. Rambus, Inc. has a 1-year low of $61.16 and a 1-year high of $174.10.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $180.19 million for the quarter, compared to analyst estimates of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. Equities analysts predict that Rambus, Inc. will post 2.44 EPS for the current year.

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.