State of Wyoming Invests $1.82 Million in Rambus, Inc. $RMBS

State of Wyoming bought a new stake in Rambus, Inc. (NASDAQ:RMBS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,749 shares of the semiconductor company’s stock, valued at approximately $1,825,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Acumen Wealth Advisors LLC acquired a new position in Rambus during the fourth quarter valued at approximately $25,000. Torren Management LLC bought a new position in Rambus in the fourth quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Rambus during the 4th quarter worth approximately $28,000. Western Wealth Management LLC acquired a new position in shares of Rambus during the 1st quarter worth approximately $44,000. Finally, IFP Advisors Inc raised its stake in shares of Rambus by 126.7% during the 3rd quarter. IFP Advisors Inc now owns 442 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

RMBS opened at $100.85 on Friday. The stock has a fifty day moving average of $113.26 and a 200-day moving average of $113.41. The company has a market capitalization of $10.94 billion, a P/E ratio of 46.26 and a beta of 1.88. Rambus, Inc. has a fifty-two week low of $67.15 and a fifty-two week high of $174.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RMBS shares. Rosenblatt Securities reissued a “buy” rating and issued a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Glj Research set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Robert W. Baird downgraded shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Tuesday, April 28th. Jefferies Financial Group upped their price target 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. Finally, Benchmark reiterated a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.78.

Insider Buying and Selling at Rambus

In other Rambus news, Director Necip Sayiner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value of $850,750.00. Following the completion of the sale, the director owned 18,223 shares of the company’s stock, valued at $3,100,643.45. The trade was 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 stock in a transaction that occurred on 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,914 shares of company stock valued at $9,724,775 in the last three months. 0.75% of the stock is owned by insiders.

Rambus Company 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.