17,080 Shares in Rambus, Inc. $RMBS Bought by Gould Capital LLC

Key Points

• Gould Capital LLC has acquired a new stake in Rambus, Inc., purchasing 17,080 shares valued at approximately $884,000 as reported in their recent Form 13F filing with the SEC.
• Several hedge funds, including Banque Cantonale Vaudoise and Larson Financial Group, have also established new positions in Rambus, indicating growing institutional interest in the company, which is now 88.54% owned by institutional investors.
• Analyst ratings for Rambus are mixed, with one firm downgrading it to "hold" while others raised their target prices, with a consensus average target of $77.71 and several analysts maintaining a "buy" rating.

Gould Capital LLC acquired a new position in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,080 shares of the semiconductor company's stock, valued at approximately $884,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in Rambus by 86.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 73,938 shares of the semiconductor company's stock valued at $3,908,000 after purchasing an additional 34,193 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Rambus in the 4th quarter valued at about $201,000. Mariner LLC raised its position in shares of Rambus by 1.4% during the 4th quarter. Mariner LLC now owns 12,473 shares of the semiconductor company's stock worth $659,000 after buying an additional 167 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of Rambus during the 4th quarter worth about $68,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Rambus by 205.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,485 shares of the semiconductor company's stock worth $501,000 after buying an additional 6,379 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Rambus Stock Up 1.4%

Shares of Rambus stock traded up $1.07 during trading on Wednesday, hitting $76.10. The stock had a trading volume of 329,563 shares, compared to its average volume of 1,051,258. The stock has a 50 day simple moving average of $68.14 and a 200 day simple moving average of $59.07. Rambus, Inc. has a 1 year low of $37.42 and a 1 year high of $78.16. The company has a market capitalization of $8.19 billion, a PE ratio of 35.86 and a beta of 1.28.

Analyst Ratings Changes

A number of analysts have commented on RMBS shares. Wall Street Zen downgraded shares of Rambus from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Rosenblatt Securities boosted their price target on shares of Rambus from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Jefferies Financial Group boosted their target price on shares of Rambus from $69.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Susquehanna boosted their target price on shares of Rambus from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat, Rambus has an average rating of "Buy" and an average target price of $77.71.

Insider Activity at Rambus

In other Rambus news, Director Necip Sayiner sold 7,500 shares of the business's stock in a transaction that occurred 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. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Emiko Higashi sold 1,075 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $77.75, for a total transaction of $83,581.25. Following the completion of the sale, the director owned 62,296 shares of the company's stock, valued at $4,843,514. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,686 shares of company stock valued at $718,381 over the last three months. Insiders own 1.00% of the company's stock.

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.