Raiffeisen Bank International AG Lowers Stock Holdings in Rambus, Inc. $RMBS

Raiffeisen Bank International AG reduced its stake in Rambus, Inc. (NASDAQ:RMBS) by 22.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,000 shares of the semiconductor company’s stock after selling 11,000 shares during the period. Raiffeisen Bank International AG’s holdings in Rambus were worth $4,584,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in shares of Rambus in the fourth quarter valued at approximately $25,000. Danske Bank A S purchased a new position in Rambus during the 2nd quarter worth $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in Rambus during the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Rambus during the 2nd quarter valued at $41,000. Finally, Western Wealth Management LLC bought a new stake in Rambus during the 1st quarter valued at $44,000. 88.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RMBS. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research report on Wednesday. Glj Research set a $165.00 price objective on Rambus in a report on Tuesday, July 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Rambus in a research note on Tuesday, July 28th. Finally, Benchmark reissued a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.88.

Rambus Stock Up 1.3%

NASDAQ RMBS opened at $85.46 on Friday. Rambus, Inc. has a 52 week low of $72.45 and a 52 week high of $174.10. The company has a 50 day moving average price of $99.07 and a 200 day moving average price of $111.42. The firm has a market cap of $9.27 billion, a PE ratio of 39.20 and a beta of 1.88.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The company had revenue of $207.39 million during the quarter, compared to the consensus estimate of $199.30 million. During the same period last year, the firm earned $0.53 earnings per share. Rambus’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Rambus, Inc. will post 2.52 earnings per share for the current fiscal 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.