Schwartz Investment Counsel Inc. Has $36.16 Million Stock Holdings in Rambus, Inc. $RMBS

Schwartz Investment Counsel Inc. raised its stake in Rambus, Inc. (NASDAQ:RMBS) by 133.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,337 shares of the semiconductor company’s stock after purchasing an additional 240,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Rambus were worth $36,162,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RMBS. Acumen Wealth Advisors LLC acquired a new stake in shares of Rambus in the 4th quarter valued at approximately $25,000. Torren Management LLC acquired a new position in Rambus during the fourth quarter worth $26,000. Spire Wealth Management raised its position in Rambus by 199.0% during the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 201 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Rambus in the fourth quarter valued at $28,000. Finally, IFP Advisors Inc lifted its stake in Rambus by 126.7% in the third quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 247 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wells Fargo & Company upped their price objective on Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Robert W. Baird downgraded Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Tuesday, April 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Finally, Rosenblatt Securities increased their price target on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.43.

Insider Buying and Selling at Rambus

In other Rambus news, Director Meera Rao sold 2,972 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $446,691.60. Following the transaction, the director owned 19,974 shares in the company, valued at $3,002,092.20. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the completion of the sale, the executive vice president directly owned 168,358 shares of the company’s stock, valued at approximately $25,538,225.02. The trade was a 18.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,886 shares of company stock worth $10,171,466 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Rambus Stock Performance

Shares of RMBS opened at $103.11 on Tuesday. The firm has a market cap of $11.15 billion, a P/E ratio of 49.10 and a beta of 1.84. Rambus, Inc. has a 52 week low of $61.16 and a 52 week high of $174.10. The firm’s 50-day simple moving average is $133.58 and its 200 day simple moving average is $113.91.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Rambus had a net margin of 31.90% and a return on equity of 17.41%. The firm had revenue of $180.19 million during the quarter, compared to the consensus estimate of $179.94 million. As a group, equities analysts forecast that Rambus, Inc. will post 2.44 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.