Vontobel Holding Ltd. Acquires Shares of 5,503 Rambus, Inc. $RMBS

Vontobel Holding Ltd. purchased a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the third quarter, HoldingsChannel.com reports. The firm purchased 5,503 shares of the semiconductor company’s stock, valued at approximately $573,000.

Several other hedge funds have also recently made changes to their positions in RMBS. Northwestern Mutual Wealth Management Co. lifted its stake in Rambus by 16.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,819 shares of the semiconductor company’s stock worth $301,000 after acquiring an additional 815 shares during the period. Ieq Capital LLC bought a new position in Rambus in the first quarter worth about $543,000. State of Wyoming bought a new position in Rambus in the first quarter worth about $55,000. Evergreen Capital Management LLC lifted its holdings in Rambus by 3.3% in the first quarter. Evergreen Capital Management LLC now owns 7,333 shares of the semiconductor company’s stock worth $380,000 after buying an additional 234 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Rambus by 5.2% during the 1st quarter. Panagora Asset Management Inc. now owns 460,438 shares of the semiconductor company’s stock valued at $23,839,000 after acquiring an additional 22,759 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Stock Down 0.4%

Shares of RMBS opened at $94.11 on Monday. Rambus, Inc. has a twelve month low of $40.12 and a twelve month high of $114.55. The company has a market capitalization of $10.13 billion, a P/E ratio of 44.60 and a beta of 1.51. The firm has a 50 day moving average of $98.61 and a 200 day moving average of $85.03.

Rambus (NASDAQ:RMBS) last issued its 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 business had revenue of $178.51 million for the quarter, compared to analysts’ expectations of $175.60 million. Rambus had a net margin of 33.72% and a return on equity of 17.73%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, sell-side analysts expect that Rambus, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Susquehanna set a $100.00 target price on Rambus and gave the stock a “neutral” rating in a research report on Monday, October 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of Rambus in a report on Tuesday, October 28th. Cfra Research cut shares of Rambus from a “hold” rating to a “moderate sell” rating in a report on Monday, December 15th. Evercore ISI increased their price target on shares of Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, Robert W. Baird upped their price objective on shares of Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Rambus presently has a consensus rating of “Buy” and an average price target of $108.14.

Insider Buying and Selling

In related news, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $102.35, for a total value of $511,750.00. Following the sale, the director owned 24,394 shares in the company, valued at approximately $2,496,725.90. This trade represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Meera Rao sold 653 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $101.99, for a total value of $66,599.47. Following the completion of the transaction, the director owned 29,261 shares in the company, valued at approximately $2,984,329.39. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,653 shares of company stock worth $1,025,469. 1.00% of the stock is owned by insiders.

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.