Capstone Capital Management Ltd Buys New Shares in Rambus, Inc. $RMBS

Capstone Capital Management Ltd acquired a new stake in Rambus, Inc. (NASDAQ:RMBS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,326 shares of the semiconductor company’s stock, valued at approximately $2,007,000. Rambus accounts for about 2.0% of Capstone Capital Management Ltd’s portfolio, making the stock its 15th largest position.

Several other institutional investors also recently modified their holdings of the company. Krilogy Financial LLC raised its holdings in shares of Rambus by 3.8% in the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 81 shares during the period. Oak Grove Capital LLC increased its position in Rambus by 1.3% during the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Rambus by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after buying an additional 103 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in Rambus by 3.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 110 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in Rambus by 3.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 114 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Performance

RMBS stock opened at $109.64 on Thursday. The company’s 50-day simple moving average is $133.76 and its 200 day simple moving average is $113.60. Rambus, Inc. has a 52 week low of $61.16 and a 52 week high of $174.10. The company has a market capitalization of $11.86 billion, a PE ratio of 52.21 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The business had revenue of $180.19 million for the quarter, compared to analyst estimates of $179.94 million. On average, analysts forecast that Rambus, Inc. will post 2.44 EPS for the current year.

Insider Activity at Rambus

In other news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the sale, the director directly owned 19,218 shares in the company, valued at approximately $2,805,828. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total value of $5,751,174.66. Following the completion of the sale, the executive vice president owned 168,358 shares of the company’s stock, valued at approximately $25,538,225.02. This trade represents a 18.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 74,424 shares of company stock valued at $11,179,633. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RMBS has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Wells Fargo & Company raised their price target on Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Rosenblatt Securities lifted their price objective 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. Finally, Evercore reiterated an “outperform” rating and issued a $172.00 price objective on shares of Rambus in a report on Tuesday, April 28th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.43.

About Rambus

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.