Marshall Financial Group LLC Makes New Investment in Rambus, Inc. $RMBS

Marshall Financial Group LLC bought a new position in Rambus, Inc. (NASDAQ:RMBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,801 shares of the semiconductor company’s stock, valued at approximately $717,000.

Other large investors have also modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new stake in Rambus in the third quarter valued at approximately $1,094,000. Nordea Investment Management AB lifted its position in shares of Rambus by 101.7% during the third quarter. Nordea Investment Management AB now owns 139,430 shares of the semiconductor company’s stock worth $14,669,000 after purchasing an additional 70,314 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Rambus in the third quarter valued at $1,149,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Rambus by 1,320.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,676 shares of the semiconductor company’s stock valued at $13,512,000 after purchasing an additional 120,549 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in Rambus by 3.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 477,359 shares of the semiconductor company’s stock valued at $30,561,000 after purchasing an additional 16,921 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

RMBS opened at $93.35 on Tuesday. The company has a 50-day moving average of $101.96 and a 200-day moving average of $98.84. The company has a market capitalization of $10.10 billion, a P/E ratio of 44.24 and a beta of 1.55. Rambus, Inc. has a 1-year low of $40.12 and a 1-year high of $135.75.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $190.24 million for the quarter, compared to analysts’ expectations of $188.21 million. Rambus had a net margin of 32.57% and a return on equity of 17.69%. As a group, sell-side analysts expect that Rambus, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Rambus

In other news, CFO Desmond Lynch sold 4,273 shares of Rambus stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total value of $433,837.69. Following the completion of the transaction, the chief financial officer owned 63,618 shares in the company, valued at approximately $6,459,135.54. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Luc Seraphin sold 39,914 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $98.63, for a total value of $3,936,717.82. Following the completion of the sale, the chief executive officer owned 331,070 shares of the company’s stock, valued at $32,653,434.10. This trade represents a 10.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on RMBS. Zacks Research raised shares of Rambus to a “hold” rating in a research note on Monday, January 26th. William Blair assumed coverage on shares of Rambus in a research report on Thursday, January 22nd. They issued an “outperform” rating for the company. Cfra downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Susquehanna dropped their target price on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Finally, Evercore cut their price target on Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.71.

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.