Rambus, Inc. $RMBS Shares Sold by Northwest Capital Management Inc

Northwest Capital Management Inc lowered its stake in shares of Rambus, Inc. (NASDAQ:RMBS) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700 shares of the semiconductor company’s stock after selling 300 shares during the period. Northwest Capital Management Inc’s holdings in Rambus were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RMBS. Wealth Enhancement Advisory Services LLC acquired a new position in Rambus during the fourth quarter worth $232,000. GAMMA Investing LLC boosted its stake in Rambus by 45.8% during the first quarter. GAMMA Investing LLC now owns 4,573 shares of the semiconductor company’s stock worth $237,000 after buying an additional 1,436 shares during the last quarter. Fifth Third Bancorp boosted its stake in Rambus by 24.8% during the first quarter. Fifth Third Bancorp now owns 1,418 shares of the semiconductor company’s stock worth $73,000 after buying an additional 282 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Rambus by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 12,490 shares of the semiconductor company’s stock worth $646,000 after buying an additional 335 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Rambus by 4.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,762 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Trading Up 8.3%

RMBS stock opened at $97.01 on Tuesday. The company has a market capitalization of $10.44 billion, a PE ratio of 45.76 and a beta of 1.46. Rambus, Inc. has a 12-month low of $40.12 and a 12-month high of $109.15. The business’s fifty day moving average price is $85.70 and its 200 day moving average price is $67.07.

Insider Transactions at Rambus

In other Rambus news, CFO Desmond Lynch sold 9,074 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $91.70, for a total transaction of $832,085.80. Following the sale, the chief financial officer owned 64,430 shares in the company, valued at $5,908,231. This represents a 12.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Emiko Higashi sold 1,075 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $77.75, for a total value of $83,581.25. Following the sale, the director owned 62,296 shares in the company, valued at approximately $4,843,514. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,913 shares of company stock worth $2,474,452 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RMBS shares. Evercore ISI upped their price target on Rambus from $81.00 to $114.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Arete Research raised Rambus to a “strong-buy” rating in a research note on Thursday, August 28th. Wall Street Zen lowered Rambus from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Rosenblatt Securities upped their price target on Rambus from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Finally, Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Rambus currently has an average rating of “Buy” and a consensus price target of $96.63.

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.