3,642 Shares in Rambus, Inc. $RMBS Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC has acquired 3,642 shares of Rambus, Inc. valued at approximately $233,000 in the second quarter, indicating growing interest from institutional investors.
• Company insiders, including CFO Desmond Lynch, have sold a total of 29,913 shares valued at $2,474,452 over the past 90 days, reflecting a decrease in their holdings.
• Wall Street analysts have raised Rambus's price targets, with estimates ranging from $75.00 to $130.00, showcasing a positive outlook for the company amid a consensus rating of "Buy".

Callan Family Office LLC purchased a new position in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,642 shares of the semiconductor company's stock, valued at approximately $233,000.

A number of other institutional investors also recently modified their holdings of the stock. Banque Cantonale Vaudoise bought a new position in shares of Rambus during the first quarter valued at about $25,000. Tsfg LLC bought a new position in shares of Rambus in the first quarter worth $26,000. McIlrath & Eck LLC purchased a new position in shares of Rambus in the first quarter valued at $42,000. Larson Financial Group LLC lifted its holdings in Rambus by 1,260.3% during the 1st quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 794 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Rambus by 19,360.0% in the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 968 shares during the period. Institutional investors and hedge funds own 88.54% of the company's stock.

Insider Transactions at Rambus

In other news, CFO Desmond Lynch sold 9,074 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $91.70, for a total transaction of $832,085.80. Following the completion of the transaction, the chief financial officer directly owned 64,430 shares in the company, valued at $5,908,231. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Meera Rao sold 3,000 shares of the firm'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 transaction, the director directly owned 29,914 shares of the company's stock, valued at approximately $2,145,432.08. The trade was a 9.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,913 shares of company stock valued at $2,474,452 in the last 90 days. 1.00% of the stock is owned by company insiders.

Rambus Trading Up 1.0%

NASDAQ:RMBS opened at $98.15 on Friday. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $109.15. The firm has a fifty day simple moving average of $87.16 and a 200-day simple moving average of $67.79. The company has a market capitalization of $10.56 billion, a P/E ratio of 46.30 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RMBS. Rosenblatt Securities raised their price target on Rambus from $90.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Jefferies Financial Group increased their target price on Rambus from $69.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Evercore ISI boosted their target price on shares of Rambus from $81.00 to $114.00 and gave the company an "outperform" rating in a research note on Tuesday, September 16th. Weiss Ratings cut Rambus from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Rambus from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Rambus has a consensus rating of "Buy" and a consensus price target of $96.63.

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.

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