Diversify Advisory Services LLC Acquires 4,205 Shares of Rambus, Inc. (NASDAQ:RMBS)

Diversify Advisory Services LLC lifted its position in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 49.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,677 shares of the semiconductor company's stock after acquiring an additional 4,205 shares during the period. Diversify Advisory Services LLC's holdings in Rambus were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Rambus by 19.1% during 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 period. Allspring Global Investments Holdings LLC increased its position in Rambus by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,602 shares of the semiconductor company's stock worth $554,000 after purchasing an additional 3,711 shares in the last quarter. KBC Group NV increased its position in Rambus by 18.9% during the 1st quarter. KBC Group NV now owns 4,765 shares of the semiconductor company's stock worth $247,000 after purchasing an additional 757 shares in the last quarter. Corient Private Wealth LLC acquired a new position in Rambus during the 4th quarter worth approximately $269,000. Finally, GAMMA Investing LLC increased its position in Rambus by 45.8% during the 1st quarter. GAMMA Investing LLC now owns 4,573 shares of the semiconductor company's stock worth $237,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors own 88.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Rambus from a "buy" rating to a "strong-buy" rating in a research report on Friday. Rosenblatt Securities reiterated a "buy" rating and set a $80.00 price objective on shares of Rambus in a research report on Tuesday, April 29th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rambus currently has an average rating of "Buy" and an average price target of $75.00.

Insider Buying and Selling at Rambus

In other news, Director Steven Laub sold 1,847 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $55.12, for a total transaction of $101,806.64. Following the completion of the sale, the director directly owned 9,057 shares in the company, valued at $499,221.84. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Luc Seraphin sold 6,348 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total transaction of $298,165.56. Following the transaction, the chief executive officer directly owned 319,241 shares in the company, valued at approximately $14,994,749.77. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,848 shares of company stock valued at $602,933. 1.00% of the stock is currently owned by corporate insiders.

Rambus Price Performance

Shares of RMBS traded up $0.04 during trading hours on Friday, hitting $68.21. 1,036,753 shares of the stock were exchanged, compared to its average volume of 1,232,391. Rambus, Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.43. The business has a 50-day moving average of $59.95 and a 200-day moving average of $56.95. The firm has a market capitalization of $7.33 billion, a P/E ratio of 35.53 and a beta of 1.24.

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.