Dimensional Fund Advisors LP Sells 98,233 Shares of Rambus, Inc. $RMBS

Dimensional Fund Advisors LP lowered its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,795,295 shares of the semiconductor company’s stock after selling 98,233 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Rambus were worth $154,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in shares of Rambus by 22,321.4% in the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after buying an additional 9,375 shares during the period. Empowered Funds LLC boosted its stake in Rambus by 34.1% in the 1st quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 5,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Rambus by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock worth $16,025,000 after purchasing an additional 19,120 shares during the period. Acadian Asset Management LLC purchased a new stake in Rambus during the 1st quarter valued at approximately $218,000. Finally, Quantbot Technologies LP purchased a new stake in Rambus during the 2nd quarter valued at approximately $102,000. 88.54% of the stock is owned by institutional investors.

Rambus Price Performance

RMBS stock opened at $96.01 on Monday. The stock has a market capitalization of $10.38 billion, a PE ratio of 45.72 and a beta of 1.84. Rambus, Inc. has a 52 week low of $62.81 and a 52 week high of $174.10. The firm has a 50 day moving average of $128.78 and a 200 day moving average of $114.40.

Rambus (NASDAQ:RMBS) last released its earnings results 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. The firm had revenue of $180.19 million for the quarter, compared to the consensus estimate of $179.94 million. Rambus had a return on equity of 17.41% and a net margin of 31.90%. On average, equities research analysts expect that Rambus, Inc. will post 2.44 earnings per share for the current year.

Insider Transactions at Rambus

In other news, EVP Xianzhi Sean Fan sold 37,914 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was 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 in the company, valued at $25,538,225.02. This trade represents a 18.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Emiko Higashi sold 10,000 shares of Rambus stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.50, for a total value of $1,605,000.00. Following the sale, the director directly owned 49,519 shares of the company’s stock, valued at $7,947,799.50. This trade represents a 16.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 62,914 shares of company stock valued at $9,724,775. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

RMBS has been the topic of a number of research reports. Rosenblatt Securities lifted their price target on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Evercore reaffirmed an “outperform” rating and set a $172.00 target price on shares of Rambus in a research note on Tuesday, April 28th. Jefferies Financial Group upped their price target on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their price objective on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Rambus presently has an average rating of “Moderate Buy” and a consensus price target of $134.75.

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.