Segall Bryant & Hamill LLC Has $13.54 Million Stake in Rambus, Inc. $RMBS

Segall Bryant & Hamill LLC lifted its stake in Rambus, Inc. (NASDAQ:RMBS) by 45.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,450 shares of the semiconductor company’s stock after acquiring an additional 49,021 shares during the period. Segall Bryant & Hamill LLC’s holdings in Rambus were worth $13,545,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in Rambus by 22,321.4% during the first quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 9,375 shares during the last quarter. Empowered Funds LLC raised its position in shares of Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 5,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Rambus by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock valued at $16,025,000 after purchasing an additional 19,120 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Rambus in the first quarter worth $218,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Rambus in the second quarter worth $102,000. 88.54% of the stock is owned by institutional investors.

Insider Activity at Rambus

In other Rambus news, Director Necip Sayiner sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value of $850,750.00. Following the sale, the director directly owned 18,223 shares in the company, valued at $3,100,643.45. This trade represents a 21.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Xianzhi Sean Fan sold 37,914 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the transaction, the executive vice president owned 168,358 shares in the company, valued at approximately $25,538,225.02. The trade was a 18.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,914 shares of company stock valued at $9,724,775 in the last 90 days. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Glj Research set a $165.00 target price on shares of Rambus in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Evercore restated an “outperform” rating and set a $172.00 price target on shares of Rambus in a report on Tuesday, April 28th. Robert W. Baird downgraded Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.78.

Rambus Trading Up 1.7%

RMBS opened at $91.12 on Friday. The business has a 50 day moving average of $124.45 and a 200-day moving average of $114.12. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 41.80 and a beta of 1.84. Rambus, Inc. has a 1-year low of $67.15 and a 1-year high of $174.10.

Rambus Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.