Cambiar Investors LLC Has $1.49 Million Stock Position in Rambus, Inc. $RMBS

Key Points

• Cambiar Investors LLC has reduced its stake in Rambus, Inc. by 16.5%, now owning 28,834 shares worth approximately $1.49 million.
• Several hedge funds, including Banque Cantonale Vaudoise and Tsfg LLC, have acquired new stakes in Rambus during the first quarter, indicating increasing institutional interest.
• Rambus's stock has a current market capitalization of $7.98 billion, with a recent price target increase from analysts, suggesting positive market sentiment despite a downgrade from Wall Street Zen.

Cambiar Investors LLC reduced its position in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,834 shares of the semiconductor company's stock after selling 5,692 shares during the period. Cambiar Investors LLC's holdings in Rambus were worth $1,493,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Rambus in the 1st quarter valued at about $25,000. Tsfg LLC acquired a new stake in Rambus in the 1st quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in Rambus in the 4th quarter valued at about $37,000. Larson Financial Group LLC increased its position in Rambus by 1,260.3% in 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 in the last quarter. Finally, Quarry LP increased its position in Rambus by 26.9% in the 4th quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 247 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Rambus news, Director Emiko Higashi sold 1,075 shares of Rambus stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $77.75, for a total value of $83,581.25. Following the sale, the director owned 62,296 shares of the company's stock, valued at $4,843,514. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven Laub sold 1,847 shares of Rambus stock in a transaction dated 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 $499,221.84. This represents a 16.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,533 shares of company stock valued at $820,188. 1.00% of the stock is owned by corporate insiders.

Rambus Stock Performance

NASDAQ RMBS traded up $3.33 during trading hours on Friday, reaching $73.77. 1,005,921 shares of the company's stock were exchanged, compared to its average volume of 1,403,963. The company's 50-day moving average is $67.58 and its two-hundred day moving average is $59.03. Rambus, Inc. has a one year low of $37.42 and a one year high of $78.16. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 34.80 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RMBS shares. Susquehanna raised their price objective on shares of Rambus from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, July 29th. Jefferies Financial Group raised their price objective on shares of Rambus from $69.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Rosenblatt Securities raised 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 lowered shares of Rambus from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One 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, the company has an average rating of "Buy" and an average price target of $77.71.

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.