Los Angeles Capital Management LLC Sells 7,286 Shares of Rambus, Inc. $RMBS

Los Angeles Capital Management LLC lessened its stake in Rambus, Inc. (NASDAQ:RMBS) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,746 shares of the semiconductor company’s stock after selling 7,286 shares during the period. Los Angeles Capital Management LLC owned 0.07% of Rambus worth $6,501,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft bought a new position in Rambus in the 3rd quarter worth approximately $1,149,000. M&T Bank Corp raised its position in shares of Rambus by 2,372.0% during the 4th quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock valued at $11,269,000 after acquiring an additional 117,675 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Rambus during the 3rd quarter valued at $17,276,000. TD Asset Management Inc raised its position in shares of Rambus by 463.6% during the 3rd quarter. TD Asset Management Inc now owns 25,306 shares of the semiconductor company’s stock valued at $2,637,000 after acquiring an additional 20,816 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Rambus during the 3rd quarter valued at $30,341,000. Institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling

In other news, EVP Xianzhi Sean Fan sold 37,914 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were 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 $25,538,225.02. The trade was a 18.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Necip Sayiner sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the completion of the transaction, the director directly owned 18,223 shares of the company’s stock, valued at $3,100,643.45. This trade represents a 21.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,850 shares of company stock worth $11,649,796 over the last ninety days. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

RMBS has been the subject of several recent research reports. Rosenblatt Securities upped their target price on shares of Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Evercore reiterated an “outperform” rating and set a $172.00 target price on shares of Rambus in a research report on Tuesday, April 28th. Robert W. Baird cut shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Tuesday, April 28th. Weiss Ratings cut shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company upped their target price on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.43.

Rambus Stock Up 4.6%

Shares of RMBS stock opened at $152.03 on Tuesday. Rambus, Inc. has a 12-month low of $57.98 and a 12-month high of $174.10. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 72.40 and a beta of 1.84. The firm has a fifty day moving average of $126.39 and a 200-day moving average of $108.55.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $180.19 million during the quarter, compared to analyst estimates of $179.94 million. Research analysts expect that Rambus, Inc. will post 2.44 earnings per share for the current year.

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.