SG Americas Securities LLC Buys 19,772 Shares of Rambus, Inc. $RMBS

SG Americas Securities LLC lifted its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,652 shares of the semiconductor company’s stock after purchasing an additional 19,772 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Rambus worth $5,849,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RMBS. NewEdge Advisors LLC raised its stake in Rambus by 22,321.4% during the 1st 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 increased its holdings in shares of Rambus by 34.1% during the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock valued at $16,025,000 after acquiring an additional 19,120 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Rambus during the first quarter worth approximately $218,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Rambus by 13.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,594 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 775 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Performance

Rambus stock opened at $86.03 on Wednesday. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $135.75. The stock has a market cap of $9.31 billion, a PE ratio of 40.77 and a beta of 1.55. The firm’s 50-day simple moving average is $100.17 and its 200 day simple moving average is $99.27.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. Rambus had a net margin of 32.57% and a return on equity of 17.69%. The firm had revenue of $190.24 million during the quarter, compared to analyst estimates of $188.21 million. As a group, analysts predict that Rambus, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Rambus to a “hold” rating in a research report on Monday, January 26th. Cfra downgraded shares of Rambus from a “hold” rating to a “moderate sell” rating in a report on Monday, December 15th. Evercore dropped their price objective on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Rambus in a report on Tuesday, February 3rd. Finally, Susquehanna decreased their target price on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.71.

Insider Activity at Rambus

In related news, CFO Desmond Lynch sold 4,273 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total transaction of $433,837.69. Following the completion of the sale, the chief financial officer directly owned 63,618 shares of the company’s stock, valued at approximately $6,459,135.54. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $98.63, for a total value of $3,936,717.82. Following the sale, the chief executive officer owned 331,070 shares in the company, valued at $32,653,434.10. This trade represents a 10.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

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.