Handelsbanken Fonder AB Purchases 33,060 Shares of Rambus, Inc. $RMBS

Handelsbanken Fonder AB raised its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 28.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,857 shares of the semiconductor company’s stock after purchasing an additional 33,060 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rambus were worth $20,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Rambus by 22,321.4% in the 1st quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 9,375 shares in the last quarter. Empowered Funds LLC lifted its position in Rambus by 34.1% during the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock valued at $16,025,000 after purchasing an additional 19,120 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Rambus during the first quarter valued at $218,000. Finally, Quantbot Technologies LP bought a new stake in Rambus during the second quarter valued at about $102,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RMBS shares. Jefferies Financial Group increased their target price on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Evercore reaffirmed an “outperform” rating and set a $172.00 price target on shares of Rambus in a report on Tuesday, April 28th. Glj Research set a $165.00 price target on shares of Rambus in a research report on Tuesday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Finally, Robert W. Baird downgraded shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Rambus presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.78.

Rambus Trading Up 4.8%

Shares of Rambus stock opened at $101.01 on Thursday. The firm has a market cap of $10.96 billion, a PE ratio of 46.33 and a beta of 1.88. The stock has a 50 day moving average of $115.55 and a 200 day moving average of $113.61. Rambus, Inc. has a 12 month low of $67.15 and a 12 month high of $174.10.

Insider Buying and Selling at Rambus

In related news, Director Emiko Higashi sold 10,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.50, for a total value of $1,605,000.00. Following the completion of the transaction, the director owned 49,519 shares of the company’s stock, valued at approximately $7,947,799.50. This trade represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Xianzhi Sean Fan sold 37,914 shares of Rambus stock in a transaction dated 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 completion of the transaction, the executive vice president owned 168,358 shares of the company’s stock, valued at approximately $25,538,225.02. This represents a 18.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,914 shares of company stock worth $9,724,775 in the last 90 days. 0.75% of the stock is currently 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.