Rambus, Inc. $RMBS Holdings Lessened by Emerald Advisers LLC

Emerald Advisers LLC reduced its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 637,754 shares of the semiconductor company’s stock after selling 72,369 shares during the period. Rambus comprises 2.1% of Emerald Advisers LLC’s portfolio, making the stock its 4th largest holding. Emerald Advisers LLC owned 0.59% of Rambus worth $66,454,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. bought a new stake in shares of Rambus during the 3rd quarter valued at $5,459,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Rambus by 57.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 52,435 shares of the semiconductor company’s stock valued at $5,464,000 after purchasing an additional 19,046 shares during the period. JDH Wealth Management LLC bought a new stake in Rambus during the third quarter valued at about $268,000. Wealth Enhancement Advisory Services LLC increased its position in Rambus by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,363 shares of the semiconductor company’s stock worth $907,000 after buying an additional 187 shares in the last quarter. Finally, Oak Ridge Investments LLC bought a new position in shares of Rambus in the third quarter worth about $211,000. 88.54% of the stock is currently owned by institutional investors.

Insider Transactions at Rambus

In other news, Director Eric B. Stang sold 4,000 shares of the company’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 sale, the director directly owned 20,394 shares of the company’s stock, valued at $2,279,641.32. This represents a 16.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on RMBS shares. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Rambus in a research note on Tuesday, October 28th. Susquehanna set a $100.00 price target on shares of Rambus and gave the company a “neutral” rating in a report on Monday, October 6th. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a research report on Tuesday, October 28th. Wells Fargo & Company raised their price objective on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Cfra Research cut shares of Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $108.14.

Rambus Stock Performance

RMBS opened at $125.93 on Thursday. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 59.68 and a beta of 1.51. The company has a fifty day moving average of $96.68 and a 200 day moving average of $89.54. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $131.12.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, October 27th. The semiconductor company reported $0.44 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 analysts’ expectations of $175.60 million. Rambus had a return on equity of 17.73% and a net margin of 33.72%.The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, equities research analysts forecast that Rambus, Inc. will post 1.89 earnings per share for the current year.

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.