Rambus Inc. (NASDAQ:RMBS) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of Rambus Inc. (NASDAQ:RMBS – Get Rating) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,390 shares of the semiconductor company’s stock after selling 350 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rambus were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rice Hall James & Associates LLC boosted its position in Rambus by 100.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 180,578 shares of the semiconductor company’s stock valued at $4,590,000 after purchasing an additional 90,365 shares during the period. Great West Life Assurance Co. Can boosted its position in Rambus by 32.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 143,193 shares of the semiconductor company’s stock valued at $3,639,000 after purchasing an additional 34,897 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Rambus by 104.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,158 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 6,218 shares during the period. Janney Montgomery Scott LLC boosted its position in Rambus by 20.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,205 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 1,905 shares during the period. Finally, Meritage Portfolio Management acquired a new position in Rambus during the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 85.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on RMBS. Deutsche Bank Aktiengesellschaft boosted their price target on Rambus from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 1st. StockNews.com began coverage on Rambus in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Susquehanna boosted their price target on Rambus from $33.00 to $36.00 and gave the stock a “positive” rating in a research report on Tuesday, November 1st. Rosenblatt Securities boosted their price target on Rambus from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 1st. Finally, Susquehanna Bancshares boosted their price target on Rambus from $33.00 to $36.00 and gave the stock a “positive” rating in a research report on Tuesday, November 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rambus has a consensus rating of “Moderate Buy” and an average target price of $38.17.

Insider Transactions at Rambus

In other news, Director Eric B. Stang sold 7,500 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $34.25, for a total transaction of $256,875.00. Following the sale, the director now directly owns 33,180 shares of the company’s stock, valued at $1,136,415. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Xianzhi Sean Fan sold 51,772 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $38.51, for a total transaction of $1,993,739.72. Following the sale, the chief operating officer now directly owns 191,015 shares of the company’s stock, valued at $7,355,987.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric B. Stang sold 7,500 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $34.25, for a total value of $256,875.00. Following the transaction, the director now directly owns 33,180 shares in the company, valued at $1,136,415. The disclosure for this sale can be found here. Insiders have sold 127,124 shares of company stock valued at $4,825,048 over the last three months. Company insiders own 1.53% of the company’s stock.

Rambus Stock Performance

RMBS opened at $42.80 on Wednesday. Rambus Inc. has a one year low of $20.00 and a one year high of $43.37. The stock’s fifty day moving average is $37.72 and its 200-day moving average is $30.87. The company has a market capitalization of $4.60 billion, a PE ratio of -186.08 and a beta of 1.24.

Rambus (NASDAQ:RMBS – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Rambus had a positive return on equity of 20.24% and a negative net margin of 5.69%. The company had revenue of $112.20 million for the quarter, compared to the consensus estimate of $141.00 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. On average, equities research analysts forecast that Rambus Inc. will post 1.52 EPS for the current fiscal year.

Rambus Company Profile

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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.