Hsbc Holdings PLC Has $1.89 Million Holdings in Rambus, Inc. $RMBS

Hsbc Holdings PLC lifted its holdings in Rambus, Inc. (NASDAQ:RMBS) by 60.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,434 shares of the semiconductor company’s stock after purchasing an additional 7,733 shares during the quarter. Hsbc Holdings PLC’s holdings in Rambus were worth $1,889,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RMBS. Acumen Wealth Advisors LLC acquired a new stake in Rambus in the 4th quarter valued at $25,000. Torren Management LLC bought a new stake in Rambus during the 4th quarter worth about $26,000. Spire Wealth Management boosted its stake in shares of Rambus by 199.0% during the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after buying an additional 201 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Rambus during the 4th quarter worth about $28,000. Finally, IFP Advisors Inc grew its holdings in shares of Rambus by 126.7% in the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $123.90 on Tuesday. Rambus, Inc. has a 52-week low of $61.16 and a 52-week high of $174.10. The company has a market capitalization of $13.40 billion, a P/E ratio of 59.00 and a beta of 1.84. The company has a 50-day simple moving average of $136.62 and a 200 day simple moving average of $112.68.

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

Analyst Ratings Changes

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

Insider Transactions at Rambus

In other Rambus news, Director Necip Sayiner sold 5,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total transaction of $850,750.00. Following the transaction, the director owned 18,223 shares in the company, valued at $3,100,643.45. This trade represents a 21.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Luc Seraphin sold 5,426 shares of Rambus stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $86.65, for a total value of $470,162.90. Following the sale, the chief executive officer directly owned 345,767 shares of the company’s stock, valued at $29,960,710.55. This represents a 1.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 79,850 shares of company stock worth $11,649,796. 0.75% of the stock is currently owned by company 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.