Encompass More Asset Management Purchases New Position in Rambus, Inc. $RMBS

Key Points

• Encompass More Asset Management opened a new Q4 position in Rambus of 10,349 shares (~$951,000), while other large firms (AllianceBernstein, Bank of America, Barclays, AQR, Rafferty) materially increased holdings — institutional investors now own 88.54% of RMBS.
• Rambus beat estimates for the quarter with $0.63 EPS vs. $0.61 and revenue of $180.19M, and the stock trades around $130 with a 52‑week range of $49.61–$161.80, a $14.06B market cap and a P/E near 62.
• Insiders have been net sellers: CEO Luc Seraphin sold 39,914 shares for about $3.94M in March, and insiders disposed of 61,123 shares (~$6.30M) over the past 90 days, leaving insiders with just 0.75% ownership.

Encompass More Asset Management purchased a new stake in Rambus, Inc. (NASDAQ:RMBS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,349 shares of the semiconductor company's stock, valued at approximately $951,000.

Several other large investors have also recently added to or reduced their stakes in RMBS. Alliancebernstein L.P. increased its holdings in Rambus by 572.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,822,030 shares of the semiconductor company's stock valued at $189,856,000 after purchasing an additional 1,551,159 shares in the last quarter. Bank of America Corp DE increased its holdings in Rambus by 196.0% in the 3rd quarter. Bank of America Corp DE now owns 1,550,665 shares of the semiconductor company's stock valued at $161,579,000 after purchasing an additional 1,026,776 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in Rambus in the 3rd quarter valued at $93,962,000. Barclays PLC increased its holdings in Rambus by 183.1% in the 3rd quarter. Barclays PLC now owns 894,906 shares of the semiconductor company's stock valued at $93,249,000 after purchasing an additional 578,839 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Rambus by 192.8% in the 2nd quarter. AQR Capital Management LLC now owns 701,746 shares of the semiconductor company's stock valued at $44,926,000 after purchasing an additional 462,116 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Performance

Shares of RMBS stock opened at $130.04 on Thursday. Rambus, Inc. has a one year low of $49.61 and a one year high of $161.80. The company's 50-day simple moving average is $104.05 and its 200-day simple moving average is $102.03. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 61.92 and a beta of 1.79.

Rambus (NASDAQ:RMBS - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 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 business had revenue of $180.19 million for the quarter, compared to analysts' expectations of $179.94 million. As a group, research analysts forecast that Rambus, Inc. will post 2.44 EPS for the current year.

Insider Transactions at Rambus

In other news, CEO Luc Seraphin sold 39,914 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $98.63, for a total transaction of $3,936,717.82. Following the transaction, the chief executive officer owned 331,070 shares of the company's stock, valued at approximately $32,653,434.10. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Meera Rao sold 8,538 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $118.08, for a total transaction of $1,008,167.04. Following the transaction, the director directly owned 22,946 shares in the company, valued at $2,709,463.68. The trade was a 27.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 61,123 shares of company stock valued at $6,295,577. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RMBS. Wells Fargo & Company increased their price target on Rambus from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 28th. Weiss Ratings downgraded Rambus from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, March 10th. Robert W. Baird downgraded Rambus from an "outperform" rating to a "neutral" rating and set a $120.00 price target for the company. in a report on Tuesday, April 28th. Susquehanna lowered their price target on Rambus from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, February 3rd. Finally, Zacks Research raised shares of Rambus to a "hold" rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $130.43.

Rambus Company 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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