CW Advisors LLC Purchases 8,569 Shares of Rambus, Inc. $RMBS

CW Advisors LLC increased its position in Rambus, Inc. (NASDAQ:RMBS) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,225 shares of the semiconductor company’s stock after purchasing an additional 8,569 shares during the period. CW Advisors LLC owned approximately 0.18% of Rambus worth $12,242,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC raised its holdings in Rambus by 162.5% during the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after buying an additional 260 shares during the last quarter. Bessemer Group Inc. increased 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 in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Rambus by 1,386.0% in the 2nd 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. McIlrath & Eck LLC bought a new position in Rambus in the 1st quarter valued at about $42,000. Finally, Brooklyn Investment Group boosted its stake in Rambus by 19,360.0% during the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 968 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Activity at Rambus

In other Rambus news, Director Meera Rao sold 653 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $101.99, for a total transaction of $66,599.47. Following the completion of the transaction, the director directly owned 29,261 shares of the company’s stock, valued at approximately $2,984,329.39. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Desmond Lynch sold 9,074 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $91.70, for a total value of $832,085.80. Following the completion of the sale, the chief financial officer directly owned 64,430 shares of the company’s stock, valued at $5,908,231. This represents a 12.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,227 shares of company stock worth $2,499,780. 1.00% of the stock is currently owned by company insiders.

Rambus Price Performance

Shares of Rambus stock opened at $98.03 on Thursday. The firm has a market cap of $10.55 billion, a PE ratio of 46.46 and a beta of 1.51. Rambus, Inc. has a 1 year low of $40.12 and a 1 year high of $114.55. The stock has a fifty day moving average price of $99.22 and a 200-day moving average price of $79.89.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). Rambus had a net margin of 33.72% and a return on equity of 17.73%. The company had revenue of $178.51 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the previous year, the company posted $0.45 EPS. Rambus’s quarterly revenue was up 22.7% compared to the same quarter last year. As a group, equities analysts anticipate that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on RMBS shares. Susquehanna set a $100.00 target price on Rambus and gave the company a “neutral” rating in a report on Monday, October 6th. Arete upgraded Rambus from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Thursday, August 28th. Arete Research upgraded shares of Rambus to a “strong-buy” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rambus in a research report on Monday. Finally, Wall Street Zen cut shares of Rambus from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $108.14.

About Rambus

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.