Financiere des Professionnels Fonds d investissement inc. Sells 5,018 Shares of Rambus, Inc. $RMBS

Financiere des Professionnels Fonds d investissement inc. decreased its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 68.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,299 shares of the semiconductor company’s stock after selling 5,018 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Rambus were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RMBS. Krilogy Financial LLC raised its position in Rambus by 3.8% during the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 81 shares in the last quarter. Oak Grove Capital LLC boosted its holdings in shares of Rambus by 1.3% in the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 100 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Rambus by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock valued at $2,213,000 after purchasing an additional 103 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Rambus by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 110 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in shares of Rambus by 3.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 114 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group upped their price objective on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Benchmark assumed coverage on Rambus in a research report on Wednesday. They issued a “buy” rating and a $165.00 target price on the stock. Robert W. Baird downgraded Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Tuesday, April 28th. Rosenblatt Securities increased their target price on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Evercore restated an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.75.

Insider Activity at Rambus

In other news, Director Meera Rao sold 2,972 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $446,691.60. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 168,358 shares of the company’s stock, valued at $25,538,225.02. This represents a 18.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 65,886 shares of company stock valued at $10,171,466. Corporate insiders own 0.75% of the company’s stock.

Rambus Stock Up 0.0%

NASDAQ RMBS opened at $101.44 on Friday. Rambus, Inc. has a twelve month low of $62.81 and a twelve month high of $174.10. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 48.30 and a beta of 1.84. The business’s fifty day moving average is $131.72 and its 200 day moving average is $114.01.

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