Rambus, Inc. $RMBS Shares Sold by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division cut its Rambus stake by 86.7% in the second quarter, selling 14,022 shares and retaining 2,148 shares valued at approximately $285,000. Institutional investors and hedge funds collectively own 88.54% of RMBS.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $139.78. However, Robert W. Baird downgraded the stock to “neutral” with a $120 target.
• Rambus shares opened at $97.68, well below their 12-month high of $174.10. Insiders have sold 62,914 shares worth approximately $9.72 million over the past quarter, including two directors who each sold 5,000 shares.

Moody National Bank Trust Division lessened its stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 86.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,148 shares of the semiconductor company's stock after selling 14,022 shares during the quarter. Moody National Bank Trust Division's holdings in Rambus were worth $285,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Krilogy Financial LLC raised its stake in shares of Rambus by 3.8% in the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company's stock valued at $193,000 after acquiring an additional 81 shares during the period. Oak Grove Capital LLC boosted its position in shares of Rambus by 1.3% during the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company's stock worth $698,000 after purchasing an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in Rambus by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company's stock valued at $2,213,000 after purchasing an additional 103 shares during the last quarter. Balefire LLC increased its holdings in Rambus by 3.8% in the 1st quarter. Balefire LLC now owns 2,932 shares of the semiconductor company's stock valued at $252,000 after purchasing an additional 108 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in Rambus by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company's stock valued at $317,000 after purchasing an additional 110 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RMBS shares. Jefferies Financial Group upped their price target on Rambus from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Wells Fargo & Company increased their target price on Rambus from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 28th. Benchmark restated a "buy" rating on shares of Rambus in a report on Tuesday, July 28th. Finally, Robert W. Baird downgraded 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.78.

Insider Buying and Selling

In other news, Director Eric B. Stang sold 5,000 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $146.00, for a total transaction of $730,000.00. Following the completion of the transaction, the director directly owned 19,218 shares of the company's stock, valued at approximately $2,805,828. The trade was a 20.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $850,750.00. Following the sale, the director owned 18,223 shares in the company, valued at $3,100,643.45. The trade was a 21.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 62,914 shares of company stock worth $9,724,775. 0.75% of the stock is owned by corporate insiders.

Rambus Price Performance

RMBS opened at $97.68 on Friday. The business has a fifty day moving average price of $120.26 and a 200 day moving average price of $114.13. Rambus, Inc. has a 12 month low of $67.15 and a 12 month high of $174.10. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 44.81 and a beta of 1.88.

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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