Aurora Investment Counsel Cuts Position in Rambus, Inc. $RMBS

Aurora Investment Counsel decreased its stake in Rambus, Inc. (NASDAQ:RMBS) by 43.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,883 shares of the semiconductor company’s stock after selling 8,315 shares during the period. Aurora Investment Counsel’s holdings in Rambus were worth $936,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new stake in shares of Rambus during the 4th quarter valued at approximately $25,000. Torren Management LLC acquired a new position in Rambus during the fourth quarter worth $26,000. Spire Wealth Management boosted its position in Rambus by 199.0% during the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 201 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Rambus during the fourth quarter worth $28,000. Finally, IFP Advisors Inc grew its holdings in Rambus by 126.7% in the third quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insider Activity

In other Rambus news, Director Meera Rao sold 2,972 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $150.30, for a total value of $446,691.60. Following the completion of the transaction, the director directly owned 19,974 shares in the company, valued at approximately $3,002,092.20. The trade was a 12.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $850,750.00. Following the transaction, the director directly owned 18,223 shares in the company, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 65,886 shares of company stock valued at $10,171,466 in the last 90 days. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

RMBS has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research report on Tuesday, April 28th. Benchmark began coverage on shares of Rambus in a research report on Wednesday. They issued a “buy” rating and a $165.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Rosenblatt Securities raised their target price on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Robert W. Baird cut shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Rambus has an average rating of “Moderate Buy” and an average target price of $134.75.

Rambus Trading Up 0.0%

Rambus stock opened at $101.44 on Friday. The stock has a 50-day moving average price of $131.72 and a 200 day moving average price of $114.01. Rambus, Inc. has a 52 week low of $62.81 and a 52 week high of $174.10. The stock has a market cap of $10.97 billion, a PE ratio of 48.30 and a beta of 1.84.

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

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.