Westwood Holdings Group Inc. Has $27.16 Million Stock Position in Rambus Inc. (NASDAQ:RMBS)

Westwood Holdings Group Inc. grew its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 99.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 439,481 shares of the semiconductor company’s stock after buying an additional 219,414 shares during the period. Westwood Holdings Group Inc. owned approximately 0.41% of Rambus worth $27,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rise Advisors LLC acquired a new position in Rambus during the first quarter worth $28,000. Blue Trust Inc. raised its holdings in shares of Rambus by 100.4% in the 4th quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 224 shares during the last quarter. Fifth Third Bancorp lifted its position in Rambus by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC acquired a new position in Rambus during the 4th quarter valued at about $66,000. Finally, Fidelis Capital Partners LLC bought a new stake in Rambus during the 1st quarter worth approximately $90,000. 88.54% of the stock is currently owned by institutional investors.

Rambus Trading Down 6.2 %

Shares of RMBS traded down $2.78 on Friday, reaching $42.10. 3,240,149 shares of the company’s stock traded hands, compared to its average volume of 1,797,575. The stock’s 50 day simple moving average is $57.53 and its two-hundred day simple moving average is $59.61. The stock has a market cap of $4.53 billion, a PE ratio of 12.87 and a beta of 1.20. Rambus Inc. has a 52-week low of $41.16 and a 52-week high of $76.38.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.12). The business had revenue of $132.10 million for the quarter, compared to analysts’ expectations of $139.00 million. Rambus had a net margin of 48.31% and a return on equity of 16.74%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. Analysts forecast that Rambus Inc. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target (up from $72.00) on shares of Rambus in a research report on Monday, May 13th. Susquehanna reduced their target price on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Insiders Place Their Bets

In other news, Director Eric B. Stang sold 5,408 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $56.95, for a total transaction 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 approximately $1,846,432.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

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.