Charles Schwab Investment Management Inc. Has $65.05 Million Stake in Rambus, Inc. $RMBS

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Rambus, Inc. by 0.5% in Q1, now owning approximately 1.17% of the company, valued at $65 million.
• Several large investors have also adjusted their holdings, with Westwood Holdings Group increasing its stake by 9.3% and Alberta Investment Management Corp. boosting its position by 29.3%.
• Rambus shares recently experienced a 2.4% decline during trading, with a current price of $74.21, despite positive target price adjustments from multiple analysts.

Charles Schwab Investment Management Inc. increased its position in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,256,346 shares of the semiconductor company's stock after buying an additional 6,600 shares during the period. Charles Schwab Investment Management Inc. owned 1.17% of Rambus worth $65,047,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RMBS. Banque Cantonale Vaudoise bought a new stake in shares of Rambus during the 1st quarter worth $25,000. Tsfg LLC bought a new stake in shares of Rambus during the first quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in shares of Rambus during the 4th quarter worth about $37,000. Larson Financial Group LLC grew its stake in shares of Rambus by 1,260.3% in the 1st quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 794 shares during the period. Finally, Quarry LP raised its stake in Rambus by 26.9% during the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Rambus Trading Down 2.8%

RMBS stock traded down $2.10 during mid-day trading on Tuesday, hitting $73.67. 122,054 shares of the company were exchanged, compared to its average volume of 1,047,937. The business has a 50 day simple moving average of $66.70 and a 200-day simple moving average of $58.74. Rambus, Inc. has a 1-year low of $37.42 and a 1-year high of $78.16. The stock has a market capitalization of $7.93 billion, a PE ratio of 34.75 and a beta of 1.28.

Insiders Place Their Bets

In other news, Director Necip Sayiner sold 7,500 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.53, for a total transaction of $551,475.00. Following the sale, the director directly owned 38,324 shares of the company's stock, valued at approximately $2,817,963.72. This represents a 16.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emiko Higashi sold 1,111 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $83,325.00. Following the completion of the transaction, the director owned 63,371 shares in the company, valued at $4,752,825. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,533 shares of company stock worth $820,188 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Rosenblatt Securities increased their target price on Rambus from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Wall Street Zen cut Rambus from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Susquehanna increased their price objective on Rambus from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group raised their price objective on Rambus from $69.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.71.

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.