Diversified Trust Co Purchases 11,506 Shares of Rambus, Inc. $RMBS

Diversified Trust Co lifted its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 40.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 39,861 shares of the semiconductor company’s stock after purchasing an additional 11,506 shares during the quarter. Diversified Trust Co’s holdings in Rambus were worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RMBS. M&T Bank Corp raised its stake in shares of Rambus by 2,372.0% in the 4th quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock valued at $11,269,000 after buying an additional 117,675 shares in the last quarter. AMJ Financial Wealth Management lifted its holdings in shares of Rambus by 252.0% during the 4th quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock worth $8,725,000 after acquiring an additional 67,973 shares during the period. TD Asset Management Inc boosted its position in shares of Rambus by 463.6% during the 3rd quarter. TD Asset Management Inc now owns 25,306 shares of the semiconductor company’s stock valued at $2,637,000 after acquiring an additional 20,816 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Rambus during the 3rd quarter valued at about $30,341,000. Finally, Barclays PLC boosted its position in shares of Rambus by 183.1% during the 3rd quarter. Barclays PLC now owns 894,906 shares of the semiconductor company’s stock valued at $93,249,000 after acquiring an additional 578,839 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Insider Transactions at Rambus

In other Rambus news, CEO Luc Seraphin sold 5,426 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $86.65, for a total transaction of $470,162.90. Following the sale, the chief executive officer directly owned 345,767 shares of the company’s stock, valued at approximately $29,960,710.55. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the sale, the executive vice president directly owned 168,358 shares of the company’s stock, valued at approximately $25,538,225.02. The trade was a 18.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 79,850 shares of company stock valued at $11,649,796. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $141.17 on Monday. Rambus, Inc. has a 52 week low of $58.82 and a 52 week high of $174.10. The company’s fifty day moving average is $135.34 and its 200-day moving average is $111.61. The company has a market capitalization of $15.27 billion, a PE ratio of 67.22 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (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 analysts’ expectations of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. On average, analysts forecast that Rambus, Inc. will post 2.44 EPS for the current year.

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.