Rambus (NASDAQ:RMBS) EVP Xianzhi Sean Fan Sells 37,914 Shares

Rambus, Inc. (NASDAQ:RMBS) EVP Xianzhi Sean Fan sold 37,914 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the sale, the executive vice president owned 168,358 shares in the company, valued at approximately $25,538,225.02. The trade was a 18.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Rambus Stock Up 10.0%

Shares of NASDAQ:RMBS opened at $157.23 on Wednesday. The firm’s 50 day moving average price is $115.30 and its 200 day moving average price is $105.06. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 74.87 and a beta of 1.79. Rambus, Inc. has a fifty-two week low of $52.12 and a fifty-two week high of $161.80.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The firm had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $179.94 million. On average, equities analysts anticipate that Rambus, Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on RMBS. Jefferies Financial Group raised 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 cut Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Rosenblatt Securities lifted their target price on Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Wells Fargo & Company lifted their target price on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. 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 an average target price of $130.43.

Hedge Funds Weigh In On Rambus

A number of institutional investors have recently modified their holdings of RMBS. Invesco Ltd. increased its holdings 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 during the period. Norges Bank acquired a new position in shares of Rambus in the 4th quarter valued at $156,356,000. Alliancebernstein L.P. increased its holdings in shares of Rambus by 572.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company’s stock valued at $189,856,000 after acquiring an additional 1,551,159 shares during the period. Bank of America Corp DE increased its holdings in shares of Rambus by 196.0% in the 3rd quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company’s stock valued at $161,579,000 after acquiring an additional 1,026,776 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Rambus by 1,009.5% in the 1st quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company’s stock valued at $89,463,000 after acquiring an additional 946,177 shares during the period. 88.54% of the stock is owned by institutional investors and hedge funds.

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.