Rambus, Inc. $RMBS Stock Holdings Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,514 shares of the semiconductor company’s stock after purchasing an additional 825 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Rambus were worth $1,377,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Rambus during the 1st quarter valued at $25,000. Tsfg LLC acquired a new stake in Rambus during the 1st quarter valued at $26,000. McIlrath & Eck LLC acquired a new stake in Rambus during the 1st quarter valued at $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 purchasing an additional 794 shares during the period. 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 purchasing an additional 968 shares during the period. 88.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RMBS has been the subject of several recent research reports. Wall Street Zen lowered Rambus from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Rosenblatt Securities increased their price objective on Rambus from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Susquehanna set a $100.00 price objective on Rambus and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Evercore ISI increased their price objective on Rambus from $81.00 to $114.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $96.63.

Insider Buying and Selling at Rambus

In other news, Director Necip Sayiner sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $73.53, for a total value of $551,475.00. Following the sale, the director directly owned 38,324 shares of the company’s stock, valued at approximately $2,817,963.72. This trade represents a 16.37% 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 the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.00, for a total value of $83,325.00. Following the completion of the sale, the director directly owned 63,371 shares in the company, valued at approximately $4,752,825. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,913 shares of company stock valued at $2,474,452. Corporate insiders own 1.00% of the company’s stock.

Rambus Price Performance

Rambus stock opened at $96.26 on Friday. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 45.41 and a beta of 1.46. Rambus, Inc. has a one year low of $40.12 and a one year high of $109.15. The company’s fifty day moving average price is $87.63 and its two-hundred day moving average price is $68.10.

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.