Rambus Inc. (NASDAQ:RMBS) Shares Sold by Syon Capital LLC

Syon Capital LLC cut its stake in Rambus Inc. (NASDAQ:RMBS) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,356 shares of the semiconductor company’s stock after selling 198 shares during the period. Syon Capital LLC’s holdings in Rambus were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RMBS. Blue Trust Inc. boosted its holdings in Rambus by 100.4% in the 4th quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 224 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Rambus by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 200 shares during the period. Orion Capital Management LLC bought a new position in Rambus during the 3rd quarter worth $39,000. GAMMA Investing LLC bought a new stake in Rambus in the fourth quarter valued at $66,000. Finally, NBC Securities Inc. acquired a new position in shares of Rambus during the third quarter valued at $72,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Stock Up 1.9 %

Shares of NASDAQ RMBS opened at $59.23 on Friday. Rambus Inc. has a 52-week low of $43.58 and a 52-week high of $76.38. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 19.74 and a beta of 1.16. The stock’s fifty day simple moving average is $59.98 and its 200 day simple moving average is $62.54.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Rambus had a net margin of 72.41% and a return on equity of 17.70%. The firm had revenue of $136.00 million during the quarter, compared to analyst estimates of $134.00 million. As a group, analysts anticipate that Rambus Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Xianzhi Sean Fan sold 2,004 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total value of $110,220.00. Following the completion of the sale, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at $6,667,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $62.17, for a total transaction of $932,550.00. Following the transaction, the chief executive officer now directly owns 304,755 shares in the company, valued at $18,946,618.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Xianzhi Sean Fan sold 2,004 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total value of $110,220.00. Following the completion of the sale, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at approximately $6,667,595. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,084 shares of company stock valued at $7,408,298. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RMBS. Wells Fargo & Company boosted their price objective on Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Wednesday, March 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

About Rambus

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.