Xponance Inc. Raises Stock Position in Rambus Inc. (NASDAQ:RMBS)

Xponance Inc. raised its stake in Rambus Inc. (NASDAQ:RMBS) by 144.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,659 shares of the semiconductor company’s stock after buying an additional 9,260 shares during the period. Xponance Inc.’s holdings in Rambus were worth $1,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new position in Rambus in the fourth quarter valued at about $832,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Rambus in the fourth quarter valued at about $245,000. Louisiana State Employees Retirement System purchased a new position in Rambus in the fourth quarter valued at about $2,095,000. WCM Investment Management LLC increased its holdings in Rambus by 38.1% in the fourth quarter. WCM Investment Management LLC now owns 227,710 shares of the semiconductor company’s stock valued at $15,621,000 after buying an additional 62,880 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in Rambus in the fourth quarter valued at about $217,000. 88.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rambus news, CEO Luc Seraphin sold 5,530 shares of Rambus stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $58.66, for a total value of $324,389.80. Following the completion of the sale, the chief executive officer now directly owns 262,791 shares of the company’s stock, valued at approximately $15,415,320.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rambus news, CEO Luc Seraphin sold 5,530 shares of Rambus stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $58.66, for a total value of $324,389.80. Following the completion of the sale, the chief executive officer now directly owns 262,791 shares of the company’s stock, valued at approximately $15,415,320.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 2,004 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total transaction of $110,220.00. Following the sale, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at $6,667,595. The disclosure for this sale can be found here. In the last three months, insiders sold 121,084 shares of company stock valued at $7,408,298. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on RMBS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research report on Wednesday, March 13th. Wells Fargo & Company increased their price target on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Rambus has an average rating of “Moderate Buy” and a consensus price target of $77.75.

Rambus Stock Performance

RMBS stock opened at $56.52 on Thursday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 18.84 and a beta of 1.16. Rambus Inc. has a one year low of $43.58 and a one year high of $76.38. The company has a 50 day moving average price of $59.88 and a two-hundred day moving average price of $62.58.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $136.00 million during the quarter, compared to analysts’ expectations of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. Research analysts forecast that Rambus Inc. will post 1.63 earnings per share for the current fiscal 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.