Juncture Wealth Strategies LLC Lowers Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Juncture Wealth Strategies LLC cut its position in Rambus Inc. (NASDAQ:RMBS) by 17.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,830 shares of the semiconductor company’s stock after selling 2,562 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Rambus were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Rambus in the 1st quarter valued at about $28,000. WealthPLAN Partners LLC acquired a new position in shares of Rambus in the first quarter valued at approximately $31,000. Parallel Advisors LLC grew its holdings in shares of Rambus by 106.4% in the first quarter. Parallel Advisors LLC now owns 642 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 331 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Rambus during the 1st quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in Rambus during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Insider Buying and Selling at Rambus

In other Rambus news, COO Xianzhi Sean Fan sold 17,309 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $54.99, for a total value of $951,821.91. Following the transaction, the chief operating officer now directly owns 168,223 shares of the company’s stock, valued at approximately $9,250,582.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

RMBS has been the topic of a number of recent research reports. StockNews.com initiated coverage on Rambus in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Susquehanna increased their price target on Rambus from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Friday, July 21st. TheStreet upgraded Rambus from a “c+” rating to a “b+” rating in a research note on Monday, July 31st. Jefferies Financial Group raised their price objective on shares of Rambus from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $73.00 target price on shares of Rambus in a report on Monday, August 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Rambus Price Performance

Shares of RMBS traded up $0.36 during mid-day trading on Monday, reaching $55.91. 366,512 shares of the company’s stock were exchanged, compared to its average volume of 1,322,194. The business’s fifty day simple moving average is $56.77 and its 200-day simple moving average is $54.39. The stock has a market capitalization of $6.10 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.86 and a beta of 1.30. Rambus Inc. has a 52-week low of $23.84 and a 52-week high of $68.54.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 31st. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $1.12. Rambus had a net margin of 40.38% and a return on equity of 20.86%. The company had revenue of $119.80 million for the quarter, compared to the consensus estimate of $137.99 million. During the same period last year, the firm posted $0.37 EPS. Rambus’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts predict that Rambus Inc. will post 1.41 earnings per share for the current year.

About Rambus

Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and physical interface and digital controller IP to offer industry-leading, integrated memory, and interconnect subsystems.