4,540 Shares in Rambus, Inc. (NASDAQ:RMBS) Purchased by Blair William & Co. IL

Blair William & Co. IL purchased a new stake in Rambus, Inc. (NASDAQ:RMBS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,540 shares of the semiconductor company’s stock, valued at approximately $235,000.

A number of other large investors have also recently modified their holdings of the business. Jefferies Financial Group Inc. bought a new stake in shares of Rambus during the 1st quarter valued at about $209,000. Alberta Investment Management Corp boosted its position in shares of Rambus by 29.3% during the 1st quarter. Alberta Investment Management Corp now owns 60,968 shares of the semiconductor company’s stock valued at $3,157,000 after acquiring an additional 13,828 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Rambus by 7,510.0% during the 1st quarter. Harbour Investments Inc. now owns 1,522 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 1,502 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Rambus during the 1st quarter valued at about $1,842,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Rambus during the 1st quarter valued at about $25,000. Institutional investors own 88.54% of the company’s stock.

Rambus Trading Up 5.0%

Shares of NASDAQ RMBS opened at $76.44 on Wednesday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 36.06 and a beta of 1.28. Rambus, Inc. has a 1-year low of $37.42 and a 1-year high of $76.63. The stock’s 50-day moving average is $65.25 and its 200 day moving average is $58.32.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Susquehanna lifted their price target on Rambus from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded Rambus from a “buy” rating to a “hold” rating in a research report on Sunday. Rosenblatt Securities raised their price objective on Rambus from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group raised their price objective on Rambus from $69.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $77.71.

Insiders Place Their Bets

In other Rambus news, Director Steven Laub sold 3,653 shares of Rambus 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 directly owned 10,904 shares of the company’s stock, valued at $605,826.24. The trade was a 25.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emiko Higashi sold 1,111 shares of Rambus stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $83,325.00. Following the completion of the transaction, the director directly owned 63,371 shares in the company, valued at $4,752,825. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,111 shares of company stock valued at $939,567 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Rambus Company 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.