Focus Partners Advisor Solutions LLC Purchases Shares of 5,178 Rambus, Inc. $RMBS

Key Points

• Focus Partners Advisor Solutions LLC acquired 5,178 shares of Rambus, Inc. valued at approximately $268,000 during the first quarter.
• Rambus shares have shown significant trading activity among institutional investors, with 88.54% of the company's stock owned by them.
• Analysts have a consensus rating of "Buy" for Rambus, with price targets ranging from $75.00 to $91.00.

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,178 shares of the semiconductor company's stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of Rambus during the 1st quarter valued at about $25,000. Tsfg LLC acquired a new position in shares of Rambus during the 1st quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in shares of Rambus during the 4th quarter valued at about $37,000. Larson Financial Group LLC boosted its position 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 acquiring an additional 794 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position 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 acquiring an additional 968 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RMBS. Wall Street Zen cut shares of Rambus from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Arete Research upgraded shares of Rambus to a "strong-buy" rating in a research report on Thursday, August 28th. Jefferies Financial Group boosted their price target 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. Rosenblatt Securities boosted their price target 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, Susquehanna boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $79.38.

Insider Buying and Selling

In other Rambus news, Director Emiko Higashi sold 1,075 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $77.75, for a total value of $83,581.25. Following the transaction, the director directly owned 62,296 shares in the company, valued at $4,843,514. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Meera Rao sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $71.72, for a total transaction of $215,160.00. Following the completion of the transaction, the director owned 29,914 shares in the company, valued at $2,145,432.08. This represents a 9.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,186 shares of company stock worth $1,575,766. Company insiders own 1.00% of the company's stock.

Rambus Price Performance

Shares of RMBS stock traded down $2.55 during trading hours on Friday, reaching $86.03. 2,245,628 shares of the stock were exchanged, compared to its average volume of 1,394,158. The business's fifty day moving average is $71.82 and its two-hundred day moving average is $60.29. Rambus, Inc. has a 12-month low of $38.01 and a 12-month high of $89.98. The firm has a market capitalization of $9.26 billion, a P/E ratio of 40.58 and a beta of 1.38.

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.