Xponance Inc. Has $1.07 Million Stock Position in Rambus Inc. (NASDAQ:RMBS)

Xponance Inc. lifted its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 144.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,659 shares of the semiconductor company’s stock after buying an additional 9,260 shares during the period. Xponance Inc.’s holdings in Rambus were worth $1,069,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Fifth Third Bancorp increased its stake in shares of Rambus by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Rambus by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 31,193 shares of the semiconductor company’s stock worth $1,740,000 after buying an additional 220 shares during the period. Blue Trust Inc. boosted its holdings in shares of Rambus by 100.4% during the 4th quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock worth $31,000 after buying an additional 224 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Rambus by 15.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,676 shares of the semiconductor company’s stock worth $93,000 after buying an additional 227 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Rambus by 3.7% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,446 shares of the semiconductor company’s stock worth $527,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RMBS. Wells Fargo & Company upped their price objective on shares of Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Rambus in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

Rambus Price Performance

Shares of Rambus stock opened at $56.52 on Thursday. The firm has a fifty day moving average price of $59.88 and a two-hundred day moving average price of $62.58. The company has a market cap of $6.14 billion, a PE ratio of 18.84 and a beta of 1.16. Rambus Inc. has a fifty-two week low of $43.58 and a fifty-two week high of $76.38.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $136.00 million during the quarter, compared to the consensus estimate of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. Analysts expect that Rambus Inc. will post 1.63 earnings per share for the current fiscal year.

Insider Transactions at Rambus

In other news, SVP John Shinn sold 3,928 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $64.93, for a total transaction of $255,045.04. Following the completion of the transaction, the senior vice president now directly owns 28,448 shares of the company’s stock, valued at approximately $1,847,128.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Luc Seraphin sold 5,530 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $58.66, for a total transaction of $324,389.80. Following the completion of the sale, the chief executive officer now owns 262,791 shares in the company, valued at approximately $15,415,320.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Shinn sold 3,928 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $64.93, for a total transaction of $255,045.04. Following the sale, the senior vice president now owns 28,448 shares of the company’s stock, valued at approximately $1,847,128.64. The disclosure for this sale can be found here. In the last three months, insiders sold 121,084 shares of company stock valued at $7,408,298. Company insiders own 1.00% of the company’s stock.

Rambus Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.