Stephens Investment Management Group LLC Purchases 214,081 Shares of Rambus, Inc. $RMBS

Stephens Investment Management Group LLC increased its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 110.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,783 shares of the semiconductor company’s stock after buying an additional 214,081 shares during the period. Stephens Investment Management Group LLC owned 0.38% of Rambus worth $35,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in shares of Rambus in the 4th quarter valued at about $25,000. Torren Management LLC bought a new stake in shares of Rambus in the 4th quarter valued at about $26,000. Spire Wealth Management raised its holdings in shares of Rambus by 199.0% in the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 201 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in Rambus in the 4th quarter valued at about $28,000. Finally, IFP Advisors Inc lifted its stake in Rambus by 126.7% in the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 247 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RMBS shares. Wells Fargo & Company boosted their price target on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Rosenblatt Securities raised their price objective on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Jefferies Financial Group raised their price objective on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Finally, Evercore reissued an “outperform” rating and set a $172.00 target price on shares of Rambus in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.43.

Insider Activity at Rambus

In other news, Director Necip Sayiner sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total value of $850,750.00. Following the transaction, the director owned 18,223 shares of the company’s stock, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total value of $5,751,174.66. Following the transaction, the executive vice president owned 168,358 shares in the company, valued at approximately $25,538,225.02. This trade represents a 18.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 74,424 shares of company stock valued at $11,179,633. Insiders own 0.75% of the company’s stock.

Rambus Stock Performance

Shares of RMBS stock opened at $112.92 on Friday. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 53.77 and a beta of 1.84. The company has a 50-day simple moving average of $135.95 and a 200 day simple moving average of $113.11. Rambus, Inc. has a 52 week low of $61.16 and a 52 week high of $174.10.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $180.19 million for the quarter, compared to analyst estimates of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. Sell-side analysts forecast that Rambus, Inc. will post 2.44 EPS for the current year.

Rambus Company 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.