Rambus, Inc. (NASDAQ:RMBS) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in shares of Rambus, Inc. (NASDAQ:RMBS - Free Report) by 77.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 285,762 shares of the semiconductor company's stock after acquiring an additional 124,721 shares during the period. Segall Bryant & Hamill LLC owned about 0.27% of Rambus worth $14,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RMBS. Tsfg LLC bought a new stake in shares of Rambus during the 1st quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in Rambus during the 4th quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ raised its position in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 640 shares in the last quarter. Larson Financial Group LLC raised its position in Rambus by 1,260.3% during the 1st quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 794 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Rambus by 379.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock valued at $60,000 after purchasing an additional 891 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Rambus

In other news, Director Steven Laub sold 3,653 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $55.56, for a total value of $202,960.68. Following the completion of the transaction, the director directly owned 10,904 shares of the company's stock, valued at approximately $605,826.24. The trade was a 25.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Luc Seraphin sold 6,348 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $46.97, for a total value of $298,165.56. Following the transaction, the chief executive officer directly owned 319,241 shares in the company, valued at $14,994,749.77. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,848 shares of company stock valued at $602,933. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 target price on shares of Rambus in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $75.00.

Rambus Trading Up 0.1%

Shares of RMBS traded up $0.04 during trading hours on Friday, hitting $68.21. The company had a trading volume of 1,036,753 shares, compared to its average volume of 1,234,198. The company has a market capitalization of $7.33 billion, a PE ratio of 35.53 and a beta of 1.24. Rambus, Inc. has a one year low of $37.43 and a one year high of $69.40. The company's fifty day moving average price is $59.61 and its two-hundred day moving average price is $56.80.

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.