Vise Technologies Inc. Acquires Shares of 6,912 Rambus, Inc. $RMBS

Vise Technologies Inc. bought a new position in Rambus, Inc. (NASDAQ:RMBS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,912 shares of the semiconductor company’s stock, valued at approximately $917,000.

Other institutional investors also recently modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Rambus during the second quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new stake in Rambus during the fourth quarter valued at $25,000. Torren Management LLC purchased a new position in Rambus in the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Rambus in the second quarter valued at about $41,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Rambus in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Activity

In related news, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $146.00, for a total value of $730,000.00. Following the transaction, the director directly owned 19,218 shares in the company, valued at approximately $2,805,828. This trade represents a 20.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Xianzhi Sean Fan sold 37,914 shares of Rambus stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the completion of the transaction, the executive vice president owned 168,358 shares in the company, valued at $25,538,225.02. This trade represents a 18.38% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 62,914 shares of company stock worth $9,724,775. 0.75% of the stock is owned by company insiders.

Rambus Stock Performance

RMBS opened at $91.24 on Monday. The company has a market cap of $9.90 billion, a PE ratio of 41.85 and a beta of 1.88. The stock has a 50-day moving average of $108.07 and a 200-day moving average of $112.56. Rambus, Inc. has a 52-week low of $70.45 and a 52-week high of $174.10.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The business had revenue of $207.39 million for the quarter, compared to the consensus estimate of $199.30 million. During the same period last year, the business earned $0.53 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts predict that Rambus, Inc. will post 2.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RMBS. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th. Evercore reissued an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Wells Fargo & Company raised their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.78.

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.