Rambus, Inc. $RMBS Stock Position Lifted by Assetmark Inc.

Assetmark Inc. lifted its holdings in Rambus, Inc. (NASDAQ:RMBS) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,556 shares of the semiconductor company’s stock after purchasing an additional 11,100 shares during the quarter. Assetmark Inc. owned 0.12% of Rambus worth $8,038,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of RMBS. Banque Cantonale Vaudoise acquired a new stake in shares of Rambus in the first quarter valued at $25,000. Bessemer Group Inc. lifted its holdings in shares of Rambus by 105.8% in the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 238 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Rambus by 1,386.0% in the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 596 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Rambus in the first quarter valued at $42,000. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 buying an additional 794 shares during the period. Institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RMBS. Arete upgraded Rambus from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Thursday, August 28th. Wall Street Zen downgraded Rambus from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Arete Research raised Rambus to a “strong-buy” rating in a report on Thursday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Rambus in a report on Tuesday, October 28th. Finally, Wells Fargo & Company upped their target price on Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Rambus presently has a consensus rating of “Buy” and a consensus target price of $103.38.

Insiders Place Their Bets

In related news, Director Emiko Higashi sold 1,075 shares of the company’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 transaction, the director directly owned 62,296 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Desmond Lynch sold 9,074 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $91.70, for a total value of $832,085.80. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,802 shares of company stock valued at $2,391,127 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Rambus Stock Down 4.6%

Shares of NASDAQ RMBS opened at $102.84 on Monday. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $114.55. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 48.74 and a beta of 1.46. The business has a fifty day simple moving average of $93.64 and a 200-day simple moving average of $72.53.

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.