Deutsche Bank AG Purchases New Shares in Rambus, Inc. $RMBS

Deutsche Bank AG acquired a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) in the 2nd quarter, Holdings Channel reports. The firm acquired 23,567 shares of the semiconductor company’s stock, valued at approximately $3,128,000.

Other large investors have also recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new stake in shares of Rambus during the 4th quarter valued at about $25,000. Torren Management LLC bought a new stake in Rambus during the fourth quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Rambus during the fourth quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Rambus in the 2nd quarter valued at approximately $41,000. Finally, Western Wealth Management LLC bought a new stake in shares of Rambus in the 1st quarter valued at approximately $44,000. 88.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rambus news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction on Monday, June 1st. The stock was sold at an average price of $146.00, for a total transaction 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. The trade was a 20.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emiko Higashi sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were 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 a total of 20,000 shares of company stock valued at $3,185,750 over the last quarter. 0.75% of the stock is owned by corporate insiders.

Rambus Trading Up 0.2%

Shares of RMBS opened at $90.03 on Thursday. The firm has a fifty day moving average price of $105.30 and a 200-day moving average price of $112.34. The firm has a market capitalization of $9.76 billion, a P/E ratio of 41.30 and a beta of 1.88. Rambus, Inc. has a 12-month low of $70.90 and a 12-month high of $174.10.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The company had revenue of $207.39 million for the quarter, compared to the consensus estimate of $199.30 million. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Analysts predict that Rambus, Inc. will post 2.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RMBS shares. Benchmark reissued a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Rosenblatt Securities reissued a “buy” rating and issued a $165.00 target price on shares of Rambus in a research note on Tuesday, July 28th. Glj Research set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Rambus has an average rating of “Moderate Buy” and an average price target of $139.78.

Rambus Profile

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.