Rambus, Inc. $RMBS Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,018 shares of the semiconductor company’s stock after selling 7,348 shares during the quarter. WCM Investment Management LLC’s holdings in Rambus were worth $13,157,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. M&T Bank Corp raised its position in Rambus by 2,372.0% in the fourth quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock valued at $11,269,000 after purchasing an additional 117,675 shares during the period. AMJ Financial Wealth Management raised its stake in Rambus by 252.0% in the fourth quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock valued at $8,725,000 after buying an additional 67,973 shares in the last quarter. Novem Group acquired a new stake in shares of Rambus during the 4th quarter worth about $885,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Rambus by 162.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 137,692 shares of the semiconductor company’s stock worth $12,721,000 after purchasing an additional 85,257 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Rambus by 21.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,148 shares of the semiconductor company’s stock valued at $14,440,000 after acquiring an additional 27,472 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Rosenblatt Securities lifted their price objective on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research report on Friday, June 5th. Benchmark assumed coverage on Rambus in a research note on Wednesday, July 15th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.75.

Insider Buying and Selling at Rambus

In other Rambus 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 of the company’s stock, valued at approximately $2,805,828. The trade was a 20.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emiko Higashi sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total value of $1,605,000.00. Following the completion of the transaction, the director owned 49,519 shares of the company’s stock, valued at $7,947,799.50. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 65,886 shares of company stock valued at $10,171,466. 0.75% of the stock is owned by corporate insiders.

Rambus Trading Down 0.6%

Shares of RMBS stock opened at $100.85 on Tuesday. The firm has a 50-day moving average price of $131.05 and a 200 day moving average price of $114.20. Rambus, Inc. has a twelve month low of $62.81 and a twelve month high of $174.10. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 48.02 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $180.19 million for the quarter, compared to analysts’ expectations 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 predict that Rambus, Inc. will post 2.44 earnings per share for the current year.

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.