Campbell Newman Asset Management Inc. Has $2.06 Million Position in Rambus Inc. (NASDAQ:RMBS)

Campbell Newman Asset Management Inc. grew its position in Rambus Inc. (NASDAQ:RMBS - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,046 shares of the semiconductor company's stock after purchasing an additional 16,376 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Rambus were worth $2,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its holdings in Rambus by 32.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company's stock valued at $61,765,000 after buying an additional 357,160 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Rambus in the third quarter valued at approximately $989,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rambus in the third quarter worth $2,077,000. Assenagon Asset Management S.A. increased its position in Rambus by 339.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company's stock worth $53,483,000 after acquiring an additional 978,417 shares during the period. Finally, FORA Capital LLC raised its stake in Rambus by 63.7% during the 3rd quarter. FORA Capital LLC now owns 40,284 shares of the semiconductor company's stock valued at $1,701,000 after purchasing an additional 15,671 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rambus

In other Rambus news, Director Meera Rao sold 5,408 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the transaction, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. The trade was a 15.68 % 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. 1.00% of the stock is owned by insiders.

Rambus Stock Performance

Shares of RMBS stock traded up $2.25 during trading hours on Wednesday, hitting $58.90. The company had a trading volume of 517,406 shares, compared to its average volume of 639,201. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 36.58 and a beta of 1.23. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $76.38. The firm's fifty day moving average is $55.87 and its 200 day moving average is $50.28.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RMBS shares. Baird R W upgraded shares of Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Loop Capital initiated coverage on Rambus in a research report on Monday, November 11th. They set a "buy" rating and a $70.00 target price on the stock. Robert W. Baird assumed coverage on Rambus in a report on Monday, November 25th. They issued an "outperform" rating and a $90.00 price target for the company. Wells Fargo & Company initiated coverage on Rambus in a report on Wednesday, November 6th. They set an "overweight" rating and a $62.00 price objective on the stock. Finally, Rosenblatt Securities restated a "buy" rating and issued a $85.00 target price on shares of Rambus in a research note on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $74.67.

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.