SG Americas Securities LLC Raises Position in Rambus, Inc. $RMBS

SG Americas Securities LLC lifted its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 410.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,880 shares of the semiconductor company’s stock after purchasing an additional 35,292 shares during the quarter. SG Americas Securities LLC’s holdings in Rambus were worth $4,572,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. boosted its stake in Rambus by 0.7% in the 2nd quarter. Tealwood Asset Management Inc. now owns 20,460 shares of the semiconductor company’s stock worth $1,310,000 after buying an additional 150 shares during the last quarter. Signaturefd LLC increased its stake in shares of Rambus by 14.8% during the 2nd quarter. Signaturefd LLC now owns 1,288 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 166 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Rambus by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 167 shares during the period. Dakota Wealth Management boosted its position in shares of Rambus by 3.4% in the second quarter. Dakota Wealth Management now owns 5,681 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 189 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Rambus by 0.9% in the third quarter. KLP Kapitalforvaltning AS now owns 22,400 shares of the semiconductor company’s stock worth $2,334,000 after acquiring an additional 200 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rambus

In related news, Director Eric B. Stang sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $111.78, for a total transaction of $447,120.00. Following the transaction, the director directly owned 20,394 shares of the company’s stock, valued at approximately $2,279,641.32. The trade was a 16.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Rambus Trading Up 2.2%

NASDAQ:RMBS opened at $93.38 on Monday. The firm’s fifty day simple moving average is $96.73 and its 200 day simple moving average is $87.41. Rambus, Inc. has a twelve month low of $40.12 and a twelve month high of $114.55. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 44.26 and a beta of 1.51.

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

Analysts Set New Price Targets

RMBS has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Rambus in a research report on Tuesday, October 28th. Wells Fargo & Company upped 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. Susquehanna set a $100.00 target price on Rambus and gave the stock a “neutral” rating in a research report on Monday, October 6th. Cfra Research downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Finally, Robert W. Baird upped their price target on Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $108.14.

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.