Intech Investment Management LLC Buys 22,677 Shares of Rambus, Inc. $RMBS

Key Points

• Intech Investment Management LLC increased its stake in Rambus, Inc. by 39.2%, owning 80,473 shares worth approximately $4.17 million as of its latest SEC filing.
• Rambus has seen significant interest from institutional investors, with hedge funds and institutions owning 88.54% of the company's stock.
• An analyst downgrade from "buy" to "hold" by Wall Street Zen contrasted with a "strong-buy" rating upgrade by Arete Research, highlighting mixed sentiments about Rambus's stock.

Intech Investment Management LLC increased its stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 39.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,473 shares of the semiconductor company's stock after buying an additional 22,677 shares during the quarter. Intech Investment Management LLC owned 0.07% of Rambus worth $4,166,000 at the end of the most recent reporting period.

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 worth approximately $25,000. Tsfg LLC bought a new position in shares of Rambus during the 1st quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in shares of Rambus during the 4th quarter worth approximately $37,000. McIlrath & Eck LLC bought a new position in shares of Rambus during the 1st quarter worth approximately $42,000. Finally, Larson Financial Group LLC lifted 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 worth $44,000 after buying an additional 794 shares during the period. Institutional investors own 88.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on RMBS shares. Arete Research upgraded Rambus to a "strong-buy" rating in a research report on Thursday, August 28th. Rosenblatt Securities lifted their price objective on Rambus from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded Rambus from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Robert W. Baird lifted their price objective on Rambus from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Susquehanna lifted their price objective on Rambus from $70.00 to $75.00 and gave the company a "positive" rating in a research report 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $83.13.

Insider Transactions at Rambus

In other news, Director Necip Sayiner sold 7,500 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $85.63, for a total transaction of $642,225.00. Following the completion of the sale, the director owned 30,824 shares in the company, valued at $2,639,459.12. The trade was a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meera Rao sold 3,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $71.72, for a total value of $215,160.00. Following the sale, the director owned 29,914 shares of the company's stock, valued at approximately $2,145,432.08. The trade was a 9.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,186 shares of company stock worth $1,575,766 over the last 90 days. 1.00% of the stock is owned by insiders.

Rambus Price Performance

Shares of RMBS stock traded up $8.85 on Monday, reaching $94.88. 5,402,550 shares of the stock were exchanged, compared to its average volume of 1,463,059. The stock has a market cap of $10.21 billion, a PE ratio of 44.75 and a beta of 1.38. Rambus, Inc. has a one year low of $38.01 and a one year high of $100.73. The stock has a 50 day moving average price of $72.45 and a 200 day moving average price of $60.62.

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.