Segall Bryant & Hamill LLC Makes New $8.51 Million Investment in Rambus Inc. (NASDAQ:RMBS)

Segall Bryant & Hamill LLC acquired a new stake in Rambus Inc. (NASDAQ:RMBS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 161,041 shares of the semiconductor company’s stock, valued at approximately $8,513,000. Segall Bryant & Hamill LLC owned 0.15% of Rambus as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Rambus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company’s stock valued at $665,771,000 after purchasing an additional 31,645 shares during the last quarter. State Street Corp raised its position in shares of Rambus by 3.5% in the third quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company’s stock valued at $203,463,000 after purchasing an additional 164,830 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rambus by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock worth $110,693,000 after buying an additional 21,053 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Rambus by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,249,746 shares of the semiconductor company’s stock worth $66,062,000 after buying an additional 5,761 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Rambus by 6.8% during the 4th quarter. American Century Companies Inc. now owns 1,176,352 shares of the semiconductor company’s stock worth $62,182,000 after buying an additional 74,478 shares during the period. 88.54% of the stock is currently owned by institutional investors.

Rambus Stock Down 3.9 %

RMBS stock opened at $56.64 on Thursday. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The business has a 50-day simple moving average of $59.62 and a 200 day simple moving average of $53.21. The company has a market cap of $6.09 billion, a PE ratio of 34.12 and a beta of 1.25.

Analysts Set New Price Targets

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

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the transaction, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares of the company’s stock, valued at $6,383,064.82. This trade represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,952 shares of company stock valued at $4,992,255 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.