Savant Capital LLC Has $1.15 Million Stock Position in Rambus, Inc. $RMBS

Savant Capital LLC raised its position in Rambus, Inc. (NASDAQ:RMBS) by 218.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,031 shares of the semiconductor company’s stock after buying an additional 12,371 shares during the period. Savant Capital LLC’s holdings in Rambus were worth $1,154,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RMBS. Tealwood Asset Management Inc. raised its stake in shares of Rambus by 0.7% in the second quarter. Tealwood Asset Management Inc. now owns 20,460 shares of the semiconductor company’s stock valued at $1,310,000 after acquiring an additional 150 shares during the last quarter. Signaturefd LLC increased its holdings in Rambus by 14.8% during the 2nd quarter. Signaturefd LLC now owns 1,288 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 166 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in Rambus by 2.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,104 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 179 shares during the last quarter. Dakota Wealth Management raised its position in Rambus by 3.4% in the 2nd quarter. Dakota Wealth Management now owns 5,681 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 189 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Rambus by 3.3% in the first quarter. Evergreen Capital Management LLC now owns 7,333 shares of the semiconductor company’s stock worth $380,000 after purchasing an additional 234 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $102.21 on Thursday. Rambus, Inc. has a fifty-two week low of $40.12 and a fifty-two week high of $114.55. The firm has a market capitalization of $11.00 billion, a P/E ratio of 48.44 and a beta of 1.47. The company’s 50 day simple moving average is $98.59 and its 200 day simple moving average is $75.66.

Analyst Ratings Changes

RMBS has been the topic of a number of research reports. Susquehanna set a $100.00 target price on shares of Rambus and gave the stock a “neutral” rating in a research report on Monday, October 6th. Robert W. Baird boosted their price objective on shares of Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Wells Fargo & Company upped their price objective on Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Rambus in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $108.14.

Insider Buying and Selling

In related news, CFO Desmond Lynch sold 9,074 shares of Rambus stock in a transaction on Monday, September 15th. The stock was sold at an average price of $91.70, for a total transaction of $832,085.80. Following the completion of the sale, the chief financial officer directly owned 64,430 shares of the company’s stock, valued at $5,908,231. The trade was a 12.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Necip Sayiner sold 7,500 shares of the company’s stock in a transaction dated 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 sale, the director owned 30,824 shares of the company’s stock, valued at $2,639,459.12. This represents a 19.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,227 shares of company stock valued at $2,714,940 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.