SG Americas Securities LLC Sells 113,463 Shares of Rambus Inc. (NASDAQ:RMBS)

SG Americas Securities LLC trimmed its stake in shares of Rambus Inc. (NASDAQ:RMBSGet Rating) by 89.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,416 shares of the semiconductor company’s stock after selling 113,463 shares during the quarter. SG Americas Securities LLC’s holdings in Rambus were worth $428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its stake in shares of Rambus by 2.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 14,942 shares of the semiconductor company’s stock valued at $439,000 after purchasing an additional 420 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of Rambus by 1.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 43,600 shares of the semiconductor company’s stock valued at $1,281,000 after purchasing an additional 752 shares during the period. New Century Advisors LLC raised its stake in shares of Rambus by 18.1% during the 1st quarter. New Century Advisors LLC now owns 7,760 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 1,190 shares during the period. Confluence Wealth Services Inc. bought a new stake in shares of Rambus during the 4th quarter valued at $41,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Rambus during the 4th quarter valued at $46,000. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RMBS shares. Deutsche Bank Aktiengesellschaft upped their target price on Rambus from $30.00 to $32.00 in a research note on Tuesday, May 3rd. TheStreet upgraded Rambus from a “c” rating to a “b-” rating in a research note on Tuesday. Susquehanna Bancshares restated a “buy” rating and issued a $33.00 target price on shares of Rambus in a research note on Tuesday, May 3rd. StockNews.com upgraded Rambus from a “hold” rating to a “buy” rating in a research note on Thursday, May 19th. Finally, Susquehanna restated a “buy” rating and issued a $33.00 target price on shares of Rambus in a research note on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.20.

Insider Activity at Rambus

In related news, Director Charles Kissner sold 9,674 shares of the stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $24.78, for a total transaction of $239,721.72. Following the completion of the sale, the director now directly owns 18,747 shares in the company, valued at approximately $464,550.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.53% of the stock is currently owned by company insiders.

Rambus Trading Down 0.7 %

RMBS opened at $26.88 on Friday. The stock has a 50-day moving average price of $23.13 and a 200-day moving average price of $25.53. Rambus Inc. has a 12-month low of $20.00 and a 12-month high of $33.75. The stock has a market capitalization of $2.96 billion, a P/E ratio of -127.99 and a beta of 1.22.

Rambus (NASDAQ:RMBSGet Rating) last posted its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Rambus had a positive return on equity of 18.24% and a negative net margin of 5.45%. The firm had revenue of $121.13 million during the quarter, compared to analysts’ expectations of $137.20 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Rambus’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities research analysts predict that Rambus Inc. will post 1.41 EPS for the current year.

Rambus Company Profile

(Get Rating)

Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems.

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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