Rambus, Inc. $RMBS Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Rambus, Inc. (NASDAQ:RMBS) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,297 shares of the semiconductor company’s stock after purchasing an additional 256 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rambus were worth $339,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RMBS. Price T Rowe Associates Inc. MD increased its position in Rambus by 60.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,746,856 shares of the semiconductor company’s stock worth $452,870,000 after buying an additional 3,297,728 shares during the period. American Century Companies Inc. grew its position in shares of Rambus by 21.1% during the first quarter. American Century Companies Inc. now owns 1,424,365 shares of the semiconductor company’s stock worth $73,747,000 after acquiring an additional 248,013 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Rambus by 6.4% in the 2nd quarter. Congress Asset Management Co. now owns 1,276,926 shares of the semiconductor company’s stock valued at $81,749,000 after acquiring an additional 77,362 shares during the period. Charles Schwab Investment Management Inc. raised its position in Rambus by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,256,346 shares of the semiconductor company’s stock valued at $65,047,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in Rambus by 9.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,232,210 shares of the semiconductor company’s stock valued at $63,798,000 after purchasing an additional 104,356 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on RMBS shares. 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 report on Tuesday, July 29th. Evercore ISI increased their target price on shares of Rambus from $81.00 to $114.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Rosenblatt Securities boosted their price target on Rambus from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings downgraded Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, Robert W. Baird increased their price objective on Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $96.63.

Insider Buying and Selling at Rambus

In other news, Director Emiko Higashi sold 1,075 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $77.75, for a total value of $83,581.25. Following the completion of the transaction, the director owned 62,296 shares of the company’s stock, valued at $4,843,514. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Necip Sayiner sold 7,500 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $85.63, for a total value of $642,225.00. Following the completion of the transaction, the director owned 30,824 shares of the company’s stock, valued at $2,639,459.12. The trade was a 19.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,913 shares of company stock valued at $2,474,452 over the last three months. Company insiders own 1.00% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $97.51 on Wednesday. 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 capitalization of $10.49 billion, a price-to-earnings ratio of 46.00 and a beta of 1.46. The stock’s fifty day moving average is $88.55 and its two-hundred day moving average is $68.94.

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.