Atria Investments Inc Acquires Shares of 6,362 Rambus Inc. (NASDAQ:RMBS)

Atria Investments Inc bought a new position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,362 shares of the semiconductor company's stock, valued at approximately $336,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RMBS. SG Americas Securities LLC grew its stake in Rambus by 1,657.4% during the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company's stock valued at $29,188,000 after purchasing an additional 520,754 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Rambus during the 3rd quarter valued at about $989,000. Campbell Newman Asset Management Inc. grew its stake in Rambus by 72.2% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company's stock valued at $2,064,000 after purchasing an additional 16,376 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Rambus during the 3rd quarter valued at about $2,077,000. Finally, FORA Capital LLC boosted its stake in shares of Rambus by 63.7% in the third quarter. FORA Capital LLC now owns 40,284 shares of the semiconductor company's stock worth $1,701,000 after buying an additional 15,671 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Necip Sayiner sold 4,625 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the sale, the director now directly owns 42,000 shares in the company, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the sale, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,952 shares of company stock worth $4,405,855. Corporate insiders own 1.00% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on RMBS. Baird R W upgraded Rambus to a "strong-buy" rating in a research note on Monday, November 25th. Evercore ISI began coverage on Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 target price on the stock. Rosenblatt Securities upped their target price on Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Susquehanna upped their price target on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company upped their price target on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $76.71.

Rambus Price Performance

Shares of NASDAQ:RMBS traded down $0.10 during midday trading on Friday, hitting $56.72. The company had a trading volume of 1,216,635 shares, compared to its average volume of 1,273,538. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 34.17 and a beta of 1.25. The business's 50-day simple moving average is $59.55 and its 200-day simple moving average is $52.65.

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.