Barclays PLC Has $13.93 Million Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Barclays PLC boosted its stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,453 shares of the semiconductor company's stock after purchasing an additional 47,194 shares during the quarter. Barclays PLC owned about 0.25% of Rambus worth $13,927,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Rambus by 72.1% during the 4th quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock valued at $264,287,000 after purchasing an additional 2,093,953 shares during the period. Norges Bank acquired a new stake in shares of Rambus in the fourth quarter worth $94,368,000. Raymond James Financial Inc. acquired a new stake in shares of Rambus in the fourth quarter worth $51,500,000. Congress Asset Management Co. bought a new position in Rambus during the fourth quarter worth $45,778,000. Finally, SG Americas Securities LLC raised 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. Institutional investors own 88.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. StockNews.com raised Rambus from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Susquehanna upped their price target on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on Rambus in a report on Monday, February 3rd. Finally, Rosenblatt Securities upped their target price on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $76.71.

Insiders Place Their Bets

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total transaction of $308,672.50. Following the sale, the director now directly owns 42,000 shares of the company's stock, valued at approximately $2,803,080. The trade was a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,300 shares of company stock worth $6,745,221 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Rambus Price Performance

Shares of Rambus stock traded up $0.56 during midday trading on Friday, hitting $49.92. 268,719 shares of the company were exchanged, compared to its average volume of 1,005,389. The firm has a 50 day simple moving average of $52.63 and a 200-day simple moving average of $54.26. The firm has a market cap of $5.36 billion, a P/E ratio of 30.06 and a beta of 1.20. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $69.15.

About Rambus

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.