Rambus, Inc. $RMBS Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Rambus, Inc. by 51.3%, purchasing 61,923 additional shares, bringing its total holdings to 182,656 shares valued at approximately $9.46 million.
• Insider transactions reported include Director Steven Laub selling 1,847 shares, a 16.94% reduction in his position, and Director Emiko Higashi selling 1,075 shares, representing a 1.70% decrease.
• Rambus stock has a market capitalization of $7.58 billion with a current PE ratio of 33.23, and research analysts have set a consensus target price of $77.71.

CW Advisors LLC boosted its holdings in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 51.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,656 shares of the semiconductor company's stock after purchasing an additional 61,923 shares during the quarter. CW Advisors LLC owned about 0.17% of Rambus worth $9,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Rambus by 60.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,746,856 shares of the semiconductor company's stock valued at $452,870,000 after purchasing an additional 3,297,728 shares during the last quarter. Osterweis Capital Management Inc. raised its position in Rambus by 62.0% in the 1st quarter. Osterweis Capital Management Inc. now owns 286,305 shares of the semiconductor company's stock valued at $14,823,000 after purchasing an additional 109,560 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Rambus in the 1st quarter valued at $340,000. Hsbc Holdings PLC raised its position in Rambus by 14.8% in the 1st quarter. Hsbc Holdings PLC now owns 22,192 shares of the semiconductor company's stock valued at $1,138,000 after purchasing an additional 2,868 shares during the last quarter. Finally, Brooklyn Investment Group increased 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 valued at $50,000 after buying an additional 968 shares during the period. Hedge funds and other institutional investors own 88.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on RMBS shares. Jefferies Financial Group boosted their price objective on shares of Rambus from $69.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Susquehanna increased their price objective 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. Rosenblatt Securities increased their price objective 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. Finally, Wall Street Zen cut shares of Rambus from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $77.71.

Insiders Place Their Bets

In related news, Director Emiko Higashi sold 1,111 shares of Rambus stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.00, for a total value of $83,325.00. Following the completion of the sale, the director owned 63,371 shares in the company, valued at approximately $4,752,825. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 7,500 shares of Rambus 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 completion of the sale, the director owned 38,324 shares of the company's stock, valued at approximately $2,817,963.72. This trade represents a 16.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,686 shares of company stock worth $718,381. Corporate insiders own 1.00% of the company's stock.

Rambus Stock Up 1.4%

Shares of NASDAQ RMBS traded up $1.02 during trading on Wednesday, reaching $76.05. 329,563 shares of the stock were exchanged, compared to its average volume of 1,051,258. The business's 50-day moving average price is $68.14 and its 200 day moving average price is $59.07. Rambus, Inc. has a twelve month low of $37.42 and a twelve month high of $78.16. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 35.86 and a beta of 1.28.

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.