AMJ Financial Wealth Management Invests $2.81 Million in Rambus, Inc. $RMBS

AMJ Financial Wealth Management purchased a new stake in Rambus, Inc. (NASDAQ:RMBS) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 26,973 shares of the semiconductor company’s stock, valued at approximately $2,811,000.

Other institutional investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Rambus during the third quarter valued at approximately $25,000. Abound Wealth Management acquired a new stake in shares of Rambus in the third quarter worth approximately $28,000. True Wealth Design LLC increased its position in shares of Rambus by 162.5% during the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 260 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Rambus by 105.8% during the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 238 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Rambus by 1,386.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 596 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Down 1.4%

NASDAQ:RMBS opened at $102.64 on Friday. Rambus, Inc. has a 52 week low of $40.12 and a 52 week high of $135.75. The stock’s fifty day moving average is $102.10 and its two-hundred day moving average is $95.75. The company has a market capitalization of $11.06 billion, a P/E ratio of 48.64 and a beta of 1.53.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, February 2nd. The semiconductor company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $190.24 million for the quarter, compared to analyst estimates of $188.21 million. Rambus had a return on equity of 17.69% and a net margin of 32.57%. Sell-side analysts anticipate that Rambus, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RMBS has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Rambus in a research note on Tuesday, February 3rd. Cfra lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Evercore dropped their price objective on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Finally, Jefferies Financial Group raised shares of Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.71.

Rambus Profile

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.