Cwm LLC Raises Stock Position in Rambus, Inc. (NASDAQ:RMBS)

Cwm LLC increased its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 48.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,241 shares of the semiconductor company’s stock after purchasing an additional 4,303 shares during the quarter. Cwm LLC’s holdings in Rambus were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Tsfg LLC purchased a new stake in Rambus during the 1st quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in Rambus during the fourth quarter valued at $37,000. Quarry LP grew its position in shares of Rambus by 26.9% during the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 247 shares in the last quarter. UMB Bank n.a. grew its position in shares of Rambus by 129.6% during the first quarter. UMB Bank n.a. now owns 1,233 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 696 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new position in shares of Rambus during the fourth quarter valued at about $68,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RMBS. Wall Street Zen upgraded Rambus from a “buy” rating to a “strong-buy” rating in a report on Friday, July 18th. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Rambus in a research note on Tuesday, April 29th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $75.00.

Rambus Stock Down 1.0%

NASDAQ RMBS opened at $65.95 on Thursday. Rambus, Inc. has a 52 week low of $37.43 and a 52 week high of $70.05. The company has a fifty day moving average of $60.61 and a two-hundred day moving average of $57.18. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 34.35 and a beta of 1.24.

Insider Transactions 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 shares were sold at an average price of $55.56, for a total transaction of $202,960.68. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

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.