Segall Bryant & Hamill LLC Buys Shares of 161,041 Rambus Inc. (NASDAQ:RMBS)

Segall Bryant & Hamill LLC purchased a new position in shares of Rambus Inc. (NASDAQ:RMBS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 161,041 shares of the semiconductor company’s stock, valued at approximately $8,513,000.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its position in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 640 shares during the last quarter. Quarry LP grew its holdings in shares of Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 891 shares during the period. Finally, Lindbrook Capital LLC boosted its position in Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock worth $80,000 after buying an additional 166 shares during the period. 88.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Necip Sayiner sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total transaction of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. This trade represents a 9.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, the chief operating officer now owns 93,841 shares in the company, valued at $6,383,064.82. The trade was a 35.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,952 shares of company stock worth $4,992,255. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on RMBS. Robert W. Baird set a $90.00 price target on shares of Rambus in a research report on Monday, February 3rd. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Rosenblatt Securities lifted their target price on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rambus presently has a consensus rating of “Buy” and an average price target of $76.71.

Rambus Price Performance

Shares of NASDAQ:RMBS opened at $56.64 on Thursday. Rambus Inc. has a 1 year low of $37.43 and a 1 year high of $69.15. The business’s 50-day moving average is $59.62 and its 200-day moving average is $53.21. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 34.12 and a beta of 1.25.

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.