Rambus, Inc. $RMBS Shares Acquired by Nicholas Investment Partners LP

Nicholas Investment Partners LP raised its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 187.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,803 shares of the semiconductor company’s stock after buying an additional 31,173 shares during the period. Nicholas Investment Partners LP’s holdings in Rambus were worth $4,393,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RMBS. NewEdge Advisors LLC increased its position in shares of Rambus by 22,321.4% during the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 9,375 shares in the last quarter. Empowered Funds LLC increased its position 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 worth $1,178,000 after purchasing an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 worth $16,025,000 after purchasing 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 $218,000. Finally, Quantbot Technologies LP acquired a new position in shares of Rambus during the second quarter worth $102,000. 88.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rambus news, Director Necip Sayiner sold 5,000 shares of the company’s 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 sale, the director directly owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Meera Rao sold 2,972 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $150.30, for a total transaction of $446,691.60. Following the completion of the sale, the director directly owned 19,974 shares in the company, valued at approximately $3,002,092.20. The trade was a 12.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 79,850 shares of company stock valued at $11,649,796 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Rambus Price Performance

Shares of RMBS opened at $146.56 on Friday. The firm has a market capitalization of $15.85 billion, a PE ratio of 69.79 and a beta of 1.84. Rambus, Inc. has a 1-year low of $57.98 and a 1-year high of $174.10. The company’s fifty day moving average price is $131.01 and its 200-day moving average price is $109.96.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $180.19 million for the quarter, compared to analyst estimates of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. As a group, research analysts anticipate that Rambus, Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RMBS. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Jefferies Financial Group boosted their price objective on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company boosted their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Rosenblatt Securities boosted their price objective on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Evercore reissued an “outperform” rating and set a $172.00 price objective on shares of Rambus in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.43.

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.