9,237 Shares in Rambus, Inc. $RMBS Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. bought a new position in Rambus, Inc. (NASDAQ:RMBS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,237 shares of the semiconductor company’s stock, valued at approximately $1,226,000.

Several other institutional investors also recently made changes to their positions in the stock. Krilogy Financial LLC raised its position in shares of Rambus by 3.8% during the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 81 shares during the period. Oak Grove Capital LLC lifted its holdings in shares of Rambus by 1.3% in the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Rambus by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock valued at $2,213,000 after purchasing an additional 103 shares during the period. Balefire LLC grew its stake in Rambus by 3.8% during the 1st quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock worth $252,000 after buying an additional 108 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in Rambus by 3.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock worth $317,000 after buying an additional 110 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RMBS shares. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Wells Fargo & Company upped their price target on shares of Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Glj Research set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Rambus presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.78.

Insiders Place Their Bets

In other news, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $146.00, for a total transaction of $730,000.00. Following the transaction, the director directly owned 19,218 shares of the company’s stock, valued at approximately $2,805,828. This trade represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Xianzhi Sean Fan sold 37,914 shares of Rambus stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $151.69, for a total transaction of $5,751,174.66. Following the sale, the executive vice president owned 168,358 shares in the company, valued at approximately $25,538,225.02. This represents a 18.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 62,914 shares of company stock worth $9,724,775. 0.75% of the stock is owned by company insiders.

Rambus Price Performance

Shares of Rambus stock opened at $96.42 on Wednesday. The business’s fifty day moving average price is $116.95 and its two-hundred day moving average price is $113.78. The company has a market capitalization of $10.46 billion, a P/E ratio of 44.23 and a beta of 1.88. Rambus, Inc. has a 1-year low of $67.15 and a 1-year high of $174.10.

About Rambus

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.