Cwm LLC Has $686,000 Stock Holdings in Rambus, Inc. (NASDAQ:RMBS)

CWM LLC lifted its stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 48.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,241 shares of the semiconductor company's stock after purchasing an additional 4,303 shares during the quarter. CWM LLC's holdings in Rambus were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RMBS. Vanguard Group Inc. increased its position in Rambus by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company's stock valued at $665,771,000 after acquiring an additional 31,645 shares during the period. Price T Rowe Associates Inc. MD increased its position in Rambus by 442.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company's stock valued at $288,042,000 after acquiring an additional 4,445,146 shares during the period. Invesco Ltd. increased its position in Rambus by 72.1% in the 4th quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock valued at $264,287,000 after acquiring an additional 2,093,953 shares during the period. JPMorgan Chase & Co. increased its position in Rambus by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company's stock valued at $221,186,000 after acquiring an additional 68,975 shares during the period. Finally, Norges Bank acquired a new stake in Rambus in the 4th quarter valued at approximately $94,368,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RMBS. Wall Street Zen upgraded Rambus from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. Rosenblatt Securities reiterated a "buy" rating and set a $80.00 price target on shares of Rambus in a research report on Tuesday, April 29th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $75.00.

Rambus Price Performance

Shares of RMBS traded down $1.36 during trading hours on Friday, hitting $62.85. 973,954 shares of the company were exchanged, compared to its average volume of 1,011,801. The company has a market capitalization of $6.75 billion, a PE ratio of 32.73 and a beta of 1.24. The firm has a fifty day simple moving average of $60.89 and a 200-day simple moving average of $57.27. Rambus, Inc. has a one year low of $37.42 and a one year high of $70.05.

Insider Activity at Rambus

In other news, Director Steven Laub sold 1,847 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $55.12, for a total value of $101,806.64. Following the completion of the sale, the director owned 9,057 shares of the company's stock, valued at $499,221.84. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

About Rambus

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.