Rambus, Inc. $RMBS Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG trimmed its Rambus stake by 31.7% in Q3, selling 14,747 shares and leaving it with 31,732 shares valued at about $3.31 million, while institutional investors hold roughly 88.54% of the stock.
• Company insiders executed large sales recently: CEO Luc Seraphin sold 39,914 shares for ~$3.94 million (a 10.76% reduction in his position) and CFO Desmond Lynch sold 4,273 shares, leaving insiders with about 1.00% ownership.
• Rambus reported Q results with EPS of $0.68 (meeting estimates) and revenue of $190.24M (slightly above expectations), has a $9.54B market cap and an average analyst rating of "Buy" with a $105.71 target.

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 31.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,732 shares of the semiconductor company's stock after selling 14,747 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Rambus were worth $3,306,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Rambus by 22,321.4% in the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company's stock valued at $488,000 after purchasing an additional 9,375 shares during the period. Empowered Funds LLC increased its holdings in Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company's stock valued at $1,178,000 after buying an additional 5,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Rambus by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company's stock valued at $16,025,000 after buying an additional 19,120 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Rambus during the 1st quarter valued at approximately $218,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Rambus by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 99,481 shares of the semiconductor company's stock valued at $6,369,000 after acquiring an additional 15,218 shares during the period. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Stock Performance

RMBS stock opened at $88.52 on Tuesday. The stock's 50 day moving average price is $102.29 and its 200 day moving average price is $97.59. The firm has a market cap of $9.54 billion, a P/E ratio of 41.95 and a beta of 1.55. Rambus, Inc. has a 1 year low of $40.12 and a 1 year high of $135.75.

Rambus (NASDAQ:RMBS - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share for the quarter, hitting analysts' consensus estimates of $0.68. Rambus had a return on equity of 17.69% and a net margin of 32.57%.The company had revenue of $190.24 million during the quarter, compared to analysts' expectations of $188.21 million. On average, research analysts predict that Rambus, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RMBS shares. William Blair initiated coverage on Rambus in a report on Thursday, January 22nd. They issued an "outperform" rating on the stock. Susquehanna reduced their price objective on Rambus from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, February 3rd. Cfra downgraded Rambus from a "hold" rating to a "moderate sell" rating in a research report on Monday, December 15th. Rosenblatt Securities restated a "buy" rating and issued a $130.00 price target on shares of Rambus in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Rambus to a "hold" rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Rambus has an average rating of "Buy" and an average target price of $105.71.

Insider Activity

In other Rambus news, CEO Luc Seraphin sold 39,914 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $98.63, for a total value of $3,936,717.82. Following the transaction, the chief executive officer directly owned 331,070 shares in the company, valued at approximately $32,653,434.10. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Desmond Lynch sold 4,273 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.53, for a total transaction of $433,837.69. Following the sale, the chief financial officer directly owned 63,618 shares in the company, valued at $6,459,135.54. This represents a 6.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company's stock.

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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