Epoch Investment Partners Inc. Buys 6,698 Shares of Rambus, Inc. $RMBS

Key Points

• Epoch Investment Partners Inc. increased its stake in Rambus, Inc. by 77.1%, acquiring an additional 6,698 shares and raising total holdings to 15,386 shares valued at $797,000.
• Several other large investors, including Price T Rowe Associates Inc. and Northern Trust Corp, also significantly increased their holdings in Rambus during the first quarter.
• Research analysts have varying ratings and price targets for Rambus, with Rosenblatt Securities raising its target to $90.00 while Wall Street Zen downgraded it to a "hold," reflecting diverse market sentiment.

Epoch Investment Partners Inc. grew its holdings in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 77.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,386 shares of the semiconductor company's stock after purchasing an additional 6,698 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Rambus were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise bought a new position in shares of Rambus during the 1st quarter valued at $25,000. Tsfg LLC bought a new position in shares of Rambus during the 1st quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of Rambus during the 4th quarter valued at $37,000. Larson Financial Group LLC raised its holdings in shares of Rambus by 1,260.3% during 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 in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Rambus by 19,360.0% during the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 968 shares in the last quarter. Institutional investors own 88.54% of the company's stock.

Insiders Place Their Bets

In other Rambus news, Director Necip Sayiner sold 7,500 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.53, for a total value of $551,475.00. Following the completion of the sale, the director directly owned 38,324 shares of the company's stock, valued at $2,817,963.72. This represents a 16.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Emiko Higashi sold 1,075 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $77.75, for a total transaction of $83,581.25. Following the completion of the sale, the director directly owned 62,296 shares of the company's stock, valued at approximately $4,843,514. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,686 shares of company stock valued at $718,381. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Rambus from $69.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Arete Research upgraded shares of Rambus to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Arete upgraded shares of Rambus from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research note on Thursday, August 28th. Finally, Rosenblatt Securities raised their target price 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. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $79.38.

Rambus Price Performance

Shares of Rambus stock opened at $73.49 on Wednesday. Rambus, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $81.89. The firm has a fifty day moving average price of $69.63 and a two-hundred day moving average price of $59.46. The company has a market cap of $7.91 billion, a PE ratio of 34.67 and a beta of 1.38.

Rambus Company 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.