3,236 Shares in Rambus, Inc. $RMBS Purchased by New Insight Wealth Advisors

New Insight Wealth Advisors bought a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,236 shares of the semiconductor company’s stock, valued at approximately $207,000.

Several other institutional investors also recently modified their holdings of RMBS. Banque Cantonale Vaudoise bought a new stake in shares of Rambus during the first quarter worth approximately $25,000. Tsfg LLC bought a new position in shares of Rambus in the 1st quarter worth $26,000. McIlrath & Eck LLC acquired a new stake in shares of Rambus during the first quarter worth $42,000. Larson Financial Group LLC increased its holdings in Rambus by 1,260.3% in the first quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 794 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in Rambus by 19,360.0% in the first 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 period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Price Performance

RMBS stock opened at $100.76 on Friday. The stock has a market capitalization of $10.84 billion, a P/E ratio of 47.53 and a beta of 1.38. Rambus, Inc. has a fifty-two week low of $39.56 and a fifty-two week high of $109.15. The business has a 50-day moving average of $78.32 and a 200-day moving average of $63.21.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RMBS shares. Jefferies Financial Group boosted their target price on Rambus from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Robert W. Baird boosted their price objective on shares of Rambus from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Arete raised shares of Rambus from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, August 28th. Arete Research raised shares of Rambus to a “strong-buy” rating in a research report on Thursday, August 28th. Finally, Rosenblatt Securities upped their price objective on shares of Rambus from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $93.50.

Insider Buying and Selling at Rambus

In related news, CFO Desmond Lynch sold 9,074 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $91.70, for a total transaction of $832,085.80. Following the completion of the transaction, the chief financial officer owned 64,430 shares in the company, valued at approximately $5,908,231. This represents a 12.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emiko Higashi sold 1,111 shares of Rambus stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.00, for a total transaction of $83,325.00. Following the completion of the sale, the director owned 63,371 shares in the company, valued at $4,752,825. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,260 shares of company stock valued at $2,407,852 over the last quarter. Insiders own 1.00% of the company’s stock.

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.