Stephens Inc. AR Has $3.77 Million Stock Holdings in Rambus, Inc. $RMBS

Stephens Inc. AR raised its holdings in Rambus, Inc. (NASDAQ:RMBS) by 923.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,142 shares of the semiconductor company’s stock after buying an additional 32,612 shares during the quarter. Stephens Inc. AR’s holdings in Rambus were worth $3,766,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. grew its stake in shares of Rambus by 138.4% in the second quarter. EdgePoint Investment Group Inc. now owns 2,787,327 shares of the semiconductor company’s stock worth $178,445,000 after acquiring an additional 1,618,133 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rambus by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,687,691 shares of the semiconductor company’s stock valued at $172,086,000 after purchasing an additional 35,744 shares during the period. Bank of New York Mellon Corp grew its position in Rambus by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,019,504 shares of the semiconductor company’s stock worth $129,289,000 after purchasing an additional 235,253 shares during the last quarter. Norges Bank bought a new position in shares of Rambus during the 2nd quarter worth about $126,268,000. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Rambus by 41.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,737,062 shares of the semiconductor company’s stock worth $111,207,000 after purchasing an additional 504,852 shares during the period. 88.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RMBS. Evercore ISI lifted their target price on Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Wells Fargo & Company lifted their price objective on Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group upgraded Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Cfra Research cut Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Finally, Susquehanna set a $100.00 price target on shares of Rambus and gave the company a “neutral” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $108.14.

Rambus Price Performance

Shares of RMBS stock opened at $103.07 on Friday. The stock’s fifty day simple moving average is $96.15 and its 200 day simple moving average is $88.04. Rambus, Inc. has a one year low of $40.12 and a one year high of $114.55. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 48.85 and a beta of 1.51.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, October 27th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). Rambus had a net margin of 33.72% and a return on equity of 17.73%. The company had revenue of $178.51 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue was up 22.7% compared to the same quarter last year. On average, research analysts anticipate that Rambus, Inc. will post 1.89 earnings per share for the current year.

Insider Transactions at Rambus

In related news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $102.35, for a total transaction of $511,750.00. Following the completion of the transaction, the director directly owned 24,394 shares of the company’s stock, valued at $2,496,725.90. This trade represents a 17.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Rambus 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.