Pacer Advisors Inc. Increases Holdings in Rambus, Inc. $RMBS

Pacer Advisors Inc. increased its position in shares of Rambus, Inc. (NASDAQ:RMBSFree Report) by 80.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,001 shares of the semiconductor company’s stock after purchasing an additional 16,542 shares during the quarter. Pacer Advisors Inc.’s holdings in Rambus were worth $3,183,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Krilogy Financial LLC raised its position in Rambus by 3.8% during the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock worth $193,000 after buying an additional 81 shares during the last quarter. Oak Grove Capital LLC increased its stake in shares of Rambus by 1.3% in the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after acquiring an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Rambus by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after acquiring an additional 103 shares during the period. Balefire LLC raised its holdings in shares of Rambus by 3.8% during the first quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 108 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in shares of Rambus by 3.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insiders Place Their Bets

In other Rambus news, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $146.00, for a total value of $730,000.00. Following the completion of the sale, the director directly owned 19,218 shares of the company’s stock, valued at $2,805,828. This trade represents a 20.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiko Higashi sold 10,000 shares of Rambus stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.50, for a total value of $1,605,000.00. Following the transaction, the director owned 49,519 shares in the company, valued at approximately $7,947,799.50. This represents a 16.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,914 shares of company stock worth $9,724,775 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RMBS has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Rosenblatt Securities reissued a “buy” rating and issued a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Glj Research set a $165.00 target price on Rambus in a report on Tuesday, July 28th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research report on Tuesday, April 28th. Finally, Evercore reaffirmed an “outperform” rating and set a $172.00 price objective on shares of Rambus in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.78.

Get Our Latest Analysis on RMBS

Rambus Stock Performance

Shares of Rambus stock opened at $97.68 on Friday. The firm has a 50-day simple moving average of $120.26 and a two-hundred day simple moving average of $114.13. Rambus, Inc. has a fifty-two week low of $67.15 and a fifty-two week high of $174.10. The company has a market cap of $10.59 billion, a P/E ratio of 44.81 and a beta of 1.88.

Rambus Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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