Signaturefd LLC Acquires 166 Shares of Rambus, Inc. $RMBS

Signaturefd LLC increased its holdings in Rambus, Inc. (NASDAQ:RMBS) by 14.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,288 shares of the semiconductor company’s stock after buying an additional 166 shares during the quarter. Signaturefd LLC’s holdings in Rambus were worth $82,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in shares of Rambus in the first quarter worth approximately $25,000. Tsfg LLC purchased a new stake in Rambus in the first quarter worth approximately $26,000. McIlrath & Eck LLC bought a new stake in Rambus in the 1st quarter worth approximately $42,000. Larson Financial Group LLC raised its stake in Rambus by 1,260.3% during the 1st quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 794 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in Rambus by 19,360.0% during the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 968 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Evercore ISI raised their price target on Rambus from $81.00 to $114.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rambus in a research report on Saturday, September 27th. Susquehanna boosted their price target on Rambus from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, July 29th. Arete Research raised shares of Rambus to a “strong-buy” rating in a research report on Thursday, August 28th. Finally, 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 report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $93.50.

Rambus Stock Performance

RMBS stock opened at $99.99 on Friday. The firm has a fifty day moving average price of $82.74 and a 200 day moving average price of $65.32. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $109.15. The firm has a market cap of $10.76 billion, a PE ratio of 47.17 and a beta of 1.46.

Insider Buying and Selling at Rambus

In related news, Director Emiko Higashi sold 1,111 shares of Rambus stock in a transaction dated 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 owned 63,371 shares in the company, valued at approximately $4,752,825. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Desmond Lynch sold 9,074 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $91.70, for a total value of $832,085.80. Following the sale, the chief financial officer directly owned 64,430 shares in the company, valued at $5,908,231. The trade was a 12.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,913 shares of company stock valued at $2,474,452. Corporate insiders own 1.00% of the company’s stock.

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.