Integrated Advisors Network LLC Makes New $484,000 Investment in Rambus, Inc. (NASDAQ:RMBS)

Integrated Advisors Network LLC purchased a new stake in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,340 shares of the semiconductor company's stock, valued at approximately $484,000.

Several other institutional investors also recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new stake in shares of Rambus in the fourth quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 640 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 891 shares during the last quarter. Quarry LP boosted its stake in shares of Rambus by 26.9% in the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 247 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Rambus by 129.6% in the first quarter. UMB Bank n.a. now owns 1,233 shares of the semiconductor company's stock worth $64,000 after acquiring an additional 696 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RMBS. Rosenblatt Securities reaffirmed a "buy" rating and issued a $80.00 price target on shares of Rambus in a research note on Tuesday, April 29th. Wall Street Zen lowered Rambus from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rambus has a consensus rating of "Buy" and a consensus price target of $75.00.

Rambus Price Performance

Shares of RMBS stock traded down $0.43 on Tuesday, hitting $59.94. The stock had a trading volume of 745,087 shares, compared to its average volume of 1,266,714. The firm has a market capitalization of $6.44 billion, a P/E ratio of 31.22 and a beta of 1.20. Rambus, Inc. has a 1 year low of $37.43 and a 1 year high of $69.15. The company's 50 day moving average price is $52.74 and its 200-day moving average price is $55.67.

Insider Activity

In related news, CEO Luc Seraphin sold 6,348 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total value of $298,165.56. Following the completion of the sale, the chief executive officer now directly owns 319,241 shares of the company's stock, valued at $14,994,749.77. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Laub sold 3,653 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $55.56, for a total value of $202,960.68. Following the completion of the sale, the director now directly owns 10,904 shares of the company's stock, valued at approximately $605,826.24. This trade represents a 25.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,848 shares of company stock worth $2,644,133. 1.00% of the stock is currently owned by insiders.

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.