Tealwood Asset Management Inc. Takes Position in Rambus Inc. (NASDAQ:RMBS)

Tealwood Asset Management Inc. acquired a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,310 shares of the semiconductor company's stock, valued at approximately $1,052,000.

A number of other hedge funds also recently made changes to their positions in the business. Orion Capital Management LLC acquired a new stake in Rambus during the 4th quarter worth approximately $37,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 640 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 891 shares in the last quarter. Quarry LP increased its stake in shares of 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 purchasing an additional 247 shares during the last quarter. Finally, GeoWealth Management LLC bought a new position in shares of Rambus in the 4th quarter valued at $68,000. 88.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RMBS shares. Rosenblatt Securities restated 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 downgraded Rambus from a "buy" rating to a "hold" rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $75.00.

Rambus Stock Up 1.5%

RMBS stock opened at $57.43 on Friday. The firm has a market cap of $6.17 billion, a PE ratio of 34.60 and a beta of 1.20. The business has a 50 day moving average of $50.91 and a 200-day moving average of $55.49. Rambus Inc. has a 12-month low of $37.43 and a 12-month high of $69.15.

Insider Transactions at Rambus

In related news, Director Steven Laub sold 3,653 shares of the company'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 directly owns 10,904 shares of the company's stock, valued at approximately $605,826.24. This represents a 25.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00. Following the sale, the chief executive officer now owns 316,931 shares of the company's stock, valued at approximately $17,047,718.49. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,848 shares of company stock worth $3,182,033. Company insiders own 1.00% of the company's stock.

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.

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