Headlands Technologies LLC Has $112,000 Position in Rambus, Inc. (NASDAQ:RMBS)

Key Points

• Headlands Technologies LLC cut its stake in Rambus, Inc. by 92.1% in the first quarter, now holding 2,160 shares valued at $112,000.
• Deutsche Bank AG and other institutional investors have increased their positions in Rambus, with Deutsche Bank raising its holdings by 38.7%.
• Analysts have set new price targets for Rambus, with several ratings upgraded, including a target of $90.00 from Rosenblatt Securities, indicating strong investor optimism.

Headlands Technologies LLC reduced its stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 92.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,160 shares of the semiconductor company's stock after selling 25,156 shares during the quarter. Headlands Technologies LLC's holdings in Rambus were worth $112,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in shares of Rambus by 38.7% during the first quarter. Deutsche Bank AG now owns 192,826 shares of the semiconductor company's stock worth $9,985,000 after purchasing an additional 53,824 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Rambus by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,256,346 shares of the semiconductor company's stock worth $65,047,000 after purchasing an additional 6,600 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Rambus by 9.3% during the first quarter. Westwood Holdings Group Inc. now owns 1,232,210 shares of the semiconductor company's stock worth $63,798,000 after purchasing an additional 104,356 shares during the period. Blair William & Co. IL acquired a new stake in shares of Rambus during the first quarter worth approximately $235,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Rambus during the first quarter worth approximately $209,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on RMBS shares. Susquehanna raised their price target on shares of Rambus from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, July 29th. Jefferies Financial Group lifted their target price 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 lifted 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. Finally, Wall Street Zen cut shares of Rambus from a "buy" rating to a "hold" rating in a research note on Sunday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $77.71.

Insider Transactions at Rambus

In other news, Director Steven Laub sold 1,847 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $55.12, for a total value of $101,806.64. Following the completion of the sale, the director directly owned 9,057 shares in the company, valued at approximately $499,221.84. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emiko Higashi sold 1,111 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.00, for a total transaction of $83,325.00. Following the completion of the sale, the director owned 63,371 shares of the company's stock, valued at $4,752,825. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,111 shares of company stock worth $939,567. 1.00% of the stock is owned by insiders.

Rambus Trading Down 0.1%

Shares of Rambus stock opened at $72.77 on Tuesday. The firm has a fifty day simple moving average of $64.85 and a 200-day simple moving average of $58.19. Rambus, Inc. has a 1-year low of $37.42 and a 1-year high of $76.20. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 34.33 and a beta of 1.28.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.