B. Metzler seel. Sohn & Co. AG Purchases Shares of 22,274 Rambus, Inc. $RMBS

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a 22,274-share position in Rambus during the second quarter, valued at approximately $2.96 million. Other institutions also opened positions, and institutional investors now own 88.54% of the company.
• Rambus exceeded quarterly expectations, reporting $0.77 EPS versus the $0.72 consensus and $207.39 million in revenue, up 20.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $139.78.
• RMBS opened at $91.24, well below its 50-day and 200-day moving averages of $108.07 and $112.56, respectively. Meanwhile, insiders have sold 62,914 shares worth about $9.72 million over the past 90 days.

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,274 shares of the semiconductor company's stock, valued at approximately $2,957,000.

A number of other large investors have also added to or reduced their stakes in RMBS. Vise Technologies Inc. bought a new stake in shares of Rambus in the 2nd quarter worth approximately $917,000. E Fund Management Co. Ltd. bought a new stake in shares of Rambus during the second quarter valued at approximately $1,539,000. Great Lakes Advisors LLC purchased a new stake in Rambus in the second quarter worth $1,976,000. Danske Bank A S purchased a new stake in Rambus in the second quarter worth $27,000. Finally, Diversify Advisory Services LLC bought a new position in Rambus in the second quarter worth $2,888,000. Institutional investors own 88.54% of the company's stock.

Rambus Price Performance

Shares of Rambus stock opened at $91.24 on Friday. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 41.85 and a beta of 1.88. The firm's 50-day moving average is $108.07 and its 200 day moving average is $112.56. Rambus, Inc. has a 1 year low of $70.45 and a 1 year high of $174.10.

Rambus (NASDAQ:RMBS - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.05. The business had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. Rambus's revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. On average, equities analysts expect that Rambus, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RMBS has been the topic of a number of research reports. Robert W. Baird cut shares of Rambus from an "outperform" rating to a "neutral" rating and set a $120.00 target price on the stock. in a report on Tuesday, April 28th. Jefferies Financial Group increased their price target 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. 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, Benchmark restated a "buy" rating on shares of Rambus in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rambus has an average rating of "Moderate Buy" and a consensus price target of $139.78.

Insider Activity

In related 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 directly owned 18,223 shares of the company's stock, valued at approximately $3,100,643.45. This represents a 21.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric B. Stang sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the transaction, the director directly owned 19,218 shares in the company, valued at $2,805,828. This trade represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 62,914 shares of company stock worth $9,724,775. Corporate insiders own 0.75% of the company's stock.

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.

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