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

Segall Bryant & Hamill LLC purchased a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 161,041 shares of the semiconductor company's stock, valued at approximately $8,513,000. Segall Bryant & Hamill LLC owned about 0.15% of Rambus as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RMBS. UMB Bank n.a. boosted its holdings in shares of Rambus by 554.9% during the fourth 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 period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Rambus by 927.5% during the 4th 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 boosted its stake in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC grew its holdings in Rambus by 379.1% in the 4th 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 in the last quarter. Finally, Lindbrook Capital LLC increased 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. Institutional investors and hedge funds own 88.54% of the company's stock.

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Rambus Price Performance

NASDAQ:RMBS traded down $1.92 during mid-day trading on Monday, reaching $51.78. The stock had a trading volume of 1,020,463 shares, compared to its average volume of 1,298,720. The stock has a 50-day simple moving average of $59.16 and a two-hundred day simple moving average of $53.60. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15. The stock has a market capitalization of $5.56 billion, a PE ratio of 31.19 and a beta of 1.25.

Insider Activity

In other news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the sale, the chief executive officer now directly owns 316,931 shares in the company, valued at $17,047,718.49. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 93,841 shares of the company's stock, valued at $6,383,064.82. This represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,952 shares of company stock worth $4,992,255. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

RMBS has been the topic of several research reports. Evercore ISI initiated coverage on shares of Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price target on the stock. StockNews.com lowered shares of Rambus from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. 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. Finally, Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $76.71.

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.