Rambus, Inc. $RMBS Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Rambus, Inc. (NASDAQ:RMBS) by 410.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,880 shares of the semiconductor company’s stock after buying an additional 35,292 shares during the quarter. SG Americas Securities LLC’s holdings in Rambus were worth $4,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. increased its position in shares of Rambus by 0.7% during the second quarter. Tealwood Asset Management Inc. now owns 20,460 shares of the semiconductor company’s stock worth $1,310,000 after acquiring an additional 150 shares during the last quarter. Signaturefd LLC boosted its holdings in Rambus by 14.8% in the second quarter. Signaturefd LLC now owns 1,288 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 166 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Rambus by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 167 shares in the last quarter. Dakota Wealth Management increased its holdings in Rambus by 3.4% during the 2nd quarter. Dakota Wealth Management now owns 5,681 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 189 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in shares of Rambus by 0.9% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,400 shares of the semiconductor company’s stock valued at $2,334,000 after purchasing an additional 200 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RMBS has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of Rambus to a “strong-buy” rating in a research report on Tuesday, October 28th. Evercore ISI raised their price objective on shares of Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Cfra Research downgraded shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Susquehanna set a $100.00 price target on shares of Rambus and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Rambus in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Rambus presently has a consensus rating of “Buy” and a consensus target price of $108.14.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $93.38 on Monday. The company’s fifty day moving average is $96.73 and its two-hundred day moving average is $87.41. Rambus, Inc. has a 1-year low of $40.12 and a 1-year high of $114.55. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 44.26 and a beta of 1.51.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, October 27th. The semiconductor company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). The business had revenue of $178.51 million during the quarter, compared to analyst estimates of $175.60 million. Rambus had a net margin of 33.72% and a return on equity of 17.73%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts expect that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $102.35, for a total transaction of $511,750.00. Following the completion of the transaction, the director directly owned 24,394 shares of the company’s stock, valued at approximately $2,496,725.90. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

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.