Great Valley Advisor Group Inc. Acquires New Position in Rambus Inc. (NASDAQ:RMBS)

Great Valley Advisor Group Inc. bought a new position in shares of Rambus Inc. (NASDAQ:RMBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,400 shares of the semiconductor company’s stock, valued at approximately $232,000.

A number of other hedge funds have also bought and sold shares of RMBS. Fifth Third Bancorp grew its holdings in shares of Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Rambus by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 31,193 shares of the semiconductor company’s stock valued at $1,740,000 after purchasing an additional 220 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 224 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Rambus by 3.7% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,446 shares of the semiconductor company’s stock worth $527,000 after purchasing an additional 340 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Rambus by 5.0% during the third quarter. Sequoia Financial Advisors LLC now owns 7,149 shares of the semiconductor company’s stock worth $399,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insiders Place Their Bets

In related news, COO Xianzhi Sean Fan sold 2,004 shares of Rambus stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total transaction of $110,220.00. Following the transaction, the chief operating officer now owns 121,229 shares in the company, valued at $6,667,595. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Xianzhi Sean Fan sold 2,004 shares of Rambus stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total value of $110,220.00. Following the completion of the sale, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at $6,667,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Luc Seraphin sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $62.17, for a total value of $932,550.00. Following the transaction, the chief executive officer now directly owns 304,755 shares in the company, valued at approximately $18,946,618.35. The disclosure for this sale can be found here. Insiders have sold a total of 121,084 shares of company stock valued at $7,408,298 in the last 90 days. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RMBS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Rambus in a report on Wednesday, March 13th. Wells Fargo & Company raised their target price on shares of Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One analyst has rated the stock with a hold rating and four 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 $77.75.

Rambus Stock Performance

RMBS opened at $56.95 on Tuesday. The company has a fifty day moving average of $59.89 and a two-hundred day moving average of $62.47. Rambus Inc. has a fifty-two week low of $46.89 and a fifty-two week high of $76.38. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 17.42 and a beta of 1.18.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). The business had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $132.00 million. Rambus had a net margin of 78.14% and a return on equity of 16.99%. Rambus’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities research analysts forecast that Rambus Inc. will post 1.63 earnings per share for the current year.

Rambus Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.