Pictet Asset Management Holding SA Boosts Holdings in Rambus, Inc. $RMBS

Key Points

• Pictet Asset Management Holding SA boosted its stake in Rambus by 173.4% in Q4 to 40,751 shares worth about $3.745 million, and institutional investors now own 88.54% of the company.
• Insiders have been net sellers — CEO Luc Seraphin and Director Meera Rao sold large blocks recently, with insiders disposing of a total of 61,123 shares worth $6.3 million in the last quarter (insiders now own 0.75%).
• Rambus traded at $111.93 (one‑year range $49.29–$161.80) after a slight EPS beat (Q EPS $0.63 vs $0.61), and analysts hold a Moderate Buy consensus with an average price target of $130.43.

Pictet Asset Management Holding SA grew its stake in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 173.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,751 shares of the semiconductor company's stock after purchasing an additional 25,846 shares during the quarter. Pictet Asset Management Holding SA's holdings in Rambus were worth $3,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in Rambus in the 3rd quarter worth about $25,000. Spire Wealth Management raised its holdings in shares of Rambus by 199.0% during the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 201 shares during the last quarter. IFP Advisors Inc lifted its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Rambus by 83.3% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 353 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Rambus in the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 88.54% of the company's stock.

Insider Transactions at Rambus

In other news, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction on Monday, March 2nd. The stock was 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 in the company, valued at $32,653,434.10. The trade was a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Meera Rao sold 8,538 shares of the business's stock in a transaction dated Tuesday, April 14th. The shares were 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 approximately $2,709,463.68. The trade was a 27.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,123 shares of company stock worth $6,295,577 in the last quarter. Company insiders own 0.75% of the company's stock.

Rambus Stock Performance

NASDAQ:RMBS opened at $111.93 on Monday. Rambus, Inc. has a one year low of $49.29 and a one year high of $161.80. The stock has a market cap of $12.10 billion, a PE ratio of 53.30 and a beta of 1.79. The stock has a 50 day moving average price of $103.04 and a 200 day moving average price of $101.66.

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

Analysts Set New Price Targets

Several research analysts recently commented on RMBS shares. Robert W. Baird downgraded Rambus from an "outperform" rating to a "neutral" rating and set a $120.00 price objective for the company. in a research note on Tuesday, April 28th. Rosenblatt Securities lifted their target price on shares of Rambus from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Evercore reaffirmed an "outperform" rating and set a $172.00 target price on shares of Rambus in a report on Tuesday, April 28th. Jefferies Financial Group increased their target price on shares of Rambus from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. Finally, Zacks Research raised shares of Rambus to a "hold" rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Rambus has a consensus rating of "Moderate Buy" and an average price target of $130.43.

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.

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