Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Rambus, Inc. (NASDAQ:RMBS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 28,599 shares of Rambus, Inc. valued at approximately $1.481 million, highlighting institutional interest in the semiconductor firm.
• Rambus saw notable increases in stake from various institutions, with Segall Bryant & Hamill LLC boosting its holdings by 77.4% in the first quarter alone.
• The stock received multiple positive upgrades from analysts, with Jefferies Financial Group increasing its target price from $69 to $75 and maintaining a "buy" rating on the shares.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Rambus, Inc. (NASDAQ:RMBS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,599 shares of the semiconductor company's stock, valued at approximately $1,481,000.

A number of other institutional investors have also recently made changes to their positions in RMBS. Tsfg LLC bought a new position in shares of Rambus in the 1st quarter valued at about $26,000. Orion Capital Management LLC bought a new position in shares of Rambus in the 4th quarter valued at about $37,000. Larson Financial Group LLC lifted its holdings in shares of 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 during the last quarter. Quarry LP lifted its holdings 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 acquiring an additional 247 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Rambus by 129.6% in the 1st quarter. UMB Bank n.a. now owns 1,233 shares of the semiconductor company's stock valued at $64,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 88.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RMBS. Jefferies Financial Group raised their price objective on shares of Rambus from $69.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of Rambus from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Susquehanna raised their price objective on shares of Rambus from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities raised their price objective on shares of Rambus from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $77.71.

Insider Activity at Rambus

In other news, Director Steven Laub sold 3,653 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $55.56, for a total transaction of $202,960.68. Following the transaction, the director directly owned 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

Rambus Price Performance

Shares of NASDAQ:RMBS traded down $1.80 during trading on Tuesday, reaching $73.94. 670,196 shares of the company were exchanged, compared to its average volume of 1,053,734. The firm has a market capitalization of $7.95 billion, a PE ratio of 34.85 and a beta of 1.28. The business's fifty day simple moving average is $62.58 and its 200-day simple moving average is $57.77. Rambus, Inc. has a 12-month low of $37.42 and a 12-month high of $76.20.

Rambus 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.