Leonteq Securities AG Purchases 6,716 Shares of Rambus, Inc. $RMBS

Leonteq Securities AG grew its position in Rambus, Inc. (NASDAQ:RMBS) by 20,351.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,749 shares of the semiconductor company’s stock after buying an additional 6,716 shares during the period. Leonteq Securities AG’s holdings in Rambus were worth $581,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Rambus

In related news, Director Meera Rao sold 8,538 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $118.08, for a total value of $1,008,167.04. Following the transaction, the director directly owned 22,946 shares of the company’s stock, valued at approximately $2,709,463.68. This trade represents a 27.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Necip Sayiner sold 5,000 shares of Rambus stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 74,424 shares of company stock worth $11,179,633. Insiders own 0.75% of the company’s stock.

Rambus Price Performance

Shares of NASDAQ:RMBS opened at $112.92 on Friday. The stock has a market capitalization of $12.21 billion, a PE ratio of 53.77 and a beta of 1.84. The firm’s 50 day moving average price is $135.95 and its 200-day moving average price is $113.11. Rambus, Inc. has a twelve month low of $61.16 and a twelve month high of $174.10.

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, beating the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The company had revenue of $180.19 million during the quarter, compared to analyst estimates of $179.94 million. Analysts expect that Rambus, Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RMBS has been the topic of a number of research analyst reports. Robert W. Baird downgraded Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Tuesday, April 28th. Rosenblatt Securities lifted their price objective on Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Jefferies Financial Group boosted their target price on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Evercore restated an “outperform” rating and set a $172.00 target price on shares of Rambus in a research note on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. One investment 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. Based on data from MarketBeat.com, Rambus presently has an average rating of “Moderate Buy” and a consensus target price of $130.43.

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.