41,532 Shares in Rambus, Inc. $RMBS Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Rambus, Inc. (NASDAQ:RMBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 41,532 shares of the semiconductor company’s stock, valued at approximately $4,328,000.

Other hedge funds have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new position in Rambus in the third quarter valued at about $25,000. Abound Wealth Management purchased a new stake in Rambus during the third quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in Rambus by 162.5% in the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 260 shares in the last quarter. Bessemer Group Inc. grew its holdings in Rambus by 105.8% in the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 238 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Rambus by 1,386.0% during the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 596 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rambus news, Director Eric B. Stang sold 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $102.35, for a total transaction of $511,750.00. Following the transaction, the director owned 24,394 shares in the company, valued at approximately $2,496,725.90. This represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on RMBS. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Rambus in a research report on Tuesday, October 28th. Cfra Research downgraded shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Zacks Research upgraded shares of Rambus to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings raised shares of Rambus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Evercore ISI boosted their price objective on shares of Rambus from $114.00 to $126.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $108.14.

Rambus Stock Performance

RMBS stock opened at $113.83 on Friday. The firm’s fifty day moving average is $100.64 and its 200 day moving average is $92.01. Rambus, Inc. has a one year low of $40.12 and a one year high of $135.75. The firm has a market cap of $12.25 billion, a PE ratio of 53.95 and a beta of 1.51.

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.