20,310 Shares in Rambus Inc. (NASDAQ:RMBS) Acquired by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. acquired a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,310 shares of the semiconductor company's stock, valued at approximately $1,052,000.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Rambus in the fourth quarter worth $37,000. Skandinaviska Enskilda Banken AB publ grew its stake in Rambus by 927.5% in the fourth 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. Farther Finance Advisors LLC increased its position in Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after purchasing an additional 891 shares during the last quarter. Quarry LP raised its stake in shares of Rambus by 26.9% during the 4th quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 247 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new stake in shares of Rambus during the 4th quarter valued at about $68,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on RMBS shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 price objective on shares of Rambus in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $75.00.

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total value of $586,400.00. Following the sale, the chief executive officer now directly owns 306,931 shares in the company, valued at approximately $17,998,433.84. This represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven Laub sold 3,653 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 10,904 shares of the company's stock, valued at $605,826.24. This trade represents a 25.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,848 shares of company stock valued at $3,182,033 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Rambus Price Performance

Shares of NASDAQ RMBS traded up $0.67 during mid-day trading on Tuesday, hitting $59.70. The company had a trading volume of 621,529 shares, compared to its average volume of 1,266,256. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15. The firm has a market cap of $6.41 billion, a P/E ratio of 35.96 and a beta of 1.20. The business's 50-day simple moving average is $51.14 and its 200-day simple moving average is $55.58.

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.