10,485 Shares in Rambus, Inc. $RMBS Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC has acquired 10,485 shares of Rambus, Inc., valued at approximately $543,000, in the first quarter.
• Multiple institutional investors increased their stakes in Rambus, with Price T Rowe Associates Inc. boosting its holdings by 60.5%.
• Research analysts have given Rambus a consensus rating of "Buy", with a price target averaging $79.38.

Ieq Capital LLC bought a new position in Rambus, Inc. (NASDAQ:RMBS - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 10,485 shares of the semiconductor company's stock, valued at approximately $543,000.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Rambus by 19.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,041 shares of the semiconductor company's stock worth $261,000 after acquiring an additional 808 shares during the last quarter. Blair William & Co. IL bought a new stake in Rambus in the 1st quarter worth $235,000. Allspring Global Investments Holdings LLC grew its holdings in Rambus by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,602 shares of the semiconductor company's stock worth $554,000 after acquiring an additional 3,711 shares during the last quarter. KBC Group NV grew its holdings in Rambus by 18.9% in the 1st quarter. KBC Group NV now owns 4,765 shares of the semiconductor company's stock worth $247,000 after acquiring an additional 757 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Rambus by 45.8% in the 1st quarter. GAMMA Investing LLC now owns 4,573 shares of the semiconductor company's stock worth $237,000 after acquiring an additional 1,436 shares during the last quarter. Institutional investors own 88.54% of the company's stock.

Rambus Trading Down 0.8%

RMBS traded down $0.59 during midday trading on Friday, reaching $74.81. The company's stock had a trading volume of 1,353,605 shares, compared to its average volume of 1,112,427. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 35.29 and a beta of 1.38. Rambus, Inc. has a 1 year low of $37.42 and a 1 year high of $81.89. The stock's 50-day moving average is $70.34 and its 200-day moving average is $59.64.

Insider Buying and Selling at Rambus

In other Rambus news, Director Meera Rao sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $71.72, for a total transaction of $215,160.00. Following the completion of the sale, the director directly owned 29,914 shares of the company's stock, valued at approximately $2,145,432.08. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emiko Higashi sold 1,075 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $77.75, for a total transaction of $83,581.25. Following the sale, the director directly owned 62,296 shares of the company's stock, valued at approximately $4,843,514. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,686 shares of company stock valued at $933,541. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RMBS. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Jefferies Financial Group raised their price target on shares of Rambus from $69.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Rosenblatt Securities lifted their target price on shares of Rambus from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Arete raised shares of Rambus from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research note on Thursday, August 28th. Finally, Susquehanna lifted their target price on shares of Rambus from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, Rambus presently has an average rating of "Buy" and a consensus price target of $79.38.

Rambus Company 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.