Stephens Inc. AR Sells 8,162 Shares of Rambus, Inc. $RMBS

Stephens Inc. AR lessened its holdings in Rambus, Inc. (NASDAQ:RMBS) by 69.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,530 shares of the semiconductor company’s stock after selling 8,162 shares during the period. Stephens Inc. AR’s holdings in Rambus were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RMBS. Banque Cantonale Vaudoise acquired a new stake in shares of Rambus in the first quarter valued at approximately $25,000. McIlrath & Eck LLC acquired a new position in Rambus in the 1st quarter valued at $42,000. Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 794 shares during the period. Brooklyn Investment Group grew its holdings in shares of Rambus by 19,360.0% during the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 968 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Rambus during the 1st quarter worth $55,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Emiko Higashi sold 1,075 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $77.75, for a total transaction of $83,581.25. Following the completion of the transaction, the director directly owned 62,296 shares of the company’s stock, valued at $4,843,514. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Meera Rao sold 653 shares of Rambus stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $101.99, for a total value of $66,599.47. Following the transaction, the director directly owned 29,261 shares in the company, valued at $2,984,329.39. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,913 shares of company stock valued at $2,474,452. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RMBS shares. Arete upgraded shares of Rambus from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Thursday, August 28th. Arete Research upgraded Rambus to a “strong-buy” rating in a research note on Thursday, August 28th. Evercore ISI boosted their target price 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 raised shares of Rambus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday. Finally, Wall Street Zen downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Rambus has an average rating of “Buy” and a consensus target price of $96.63.

Rambus Stock Performance

Shares of NASDAQ RMBS opened at $113.61 on Tuesday. Rambus, Inc. has a 52-week low of $40.12 and a 52-week high of $114.55. The firm has a 50 day moving average price of $90.80 and a two-hundred day moving average price of $70.68. The stock has a market cap of $12.22 billion, a P/E ratio of 53.59 and a beta of 1.46.

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.