Cwm LLC Sells 420 Shares of Rambus Inc. (NASDAQ:RMBS)

Cwm LLC lessened its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,913 shares of the semiconductor company’s stock after selling 420 shares during the period. Cwm LLC’s holdings in Rambus were worth $304,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC raised its position in shares of Rambus by 38.1% in the 4th quarter. WCM Investment Management LLC now owns 227,710 shares of the semiconductor company’s stock worth $15,621,000 after purchasing an additional 62,880 shares during the last quarter. American International Group Inc. raised its position in Rambus by 231.7% in the 4th quarter. American International Group Inc. now owns 198,577 shares of the semiconductor company’s stock worth $13,553,000 after buying an additional 138,714 shares during the last quarter. Raymond James & Associates raised its position in Rambus by 156.0% in the 4th quarter. Raymond James & Associates now owns 32,137 shares of the semiconductor company’s stock worth $2,193,000 after buying an additional 19,582 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Rambus in the 4th quarter worth about $1,434,000. Finally, Retirement Systems of Alabama purchased a new position in Rambus in the 4th quarter worth about $9,190,000. Institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In other Rambus news, SVP John Shinn sold 3,947 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $62.71, for a total transaction of $247,516.37. Following the completion of the sale, the senior vice president now directly owns 16,663 shares of the company’s stock, valued at approximately $1,044,936.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Eric B. Stang sold 5,408 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $56.95, for a total value of $307,985.60. Following the completion of the transaction, the director now directly owns 32,422 shares of the company’s stock, valued at $1,846,432.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP John Shinn sold 3,947 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $62.71, for a total transaction of $247,516.37. Following the completion of the transaction, the senior vice president now directly owns 16,663 shares of the company’s stock, valued at $1,044,936.73. The disclosure for this sale can be found here. Insiders sold a total of 59,885 shares of company stock valued at $3,639,442 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Rambus Trading Down 0.1 %

Rambus stock opened at $54.51 on Friday. The firm has a 50 day moving average of $56.59 and a 200 day moving average of $61.33. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 16.67 and a beta of 1.19. Rambus Inc. has a 12-month low of $48.13 and a 12-month high of $76.38.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Rambus had a net margin of 78.14% and a return on equity of 16.99%. The company had revenue of $133.60 million during the quarter, compared to analyst estimates of $132.00 million. On average, analysts predict that Rambus Inc. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

RMBS has been the subject of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a $75.00 price target (up from $72.00) on shares of Rambus in a research note on Monday, May 13th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Rambus in a research note on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

About Rambus

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.