Captrust Financial Advisors Cuts Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Captrust Financial Advisors lessened its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 90.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,166 shares of the semiconductor company's stock after selling 994,228 shares during the quarter. Captrust Financial Advisors owned approximately 0.09% of Rambus worth $4,271,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RMBS. Cetera Advisors LLC purchased a new position in Rambus during the 1st quarter valued at about $215,000. Harbor Capital Advisors Inc. lifted its holdings in Rambus by 559.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,939 shares of the semiconductor company's stock valued at $1,113,000 after purchasing an additional 16,067 shares in the last quarter. CWM LLC lifted its stake in shares of Rambus by 15.5% in the second quarter. CWM LLC now owns 5,676 shares of the semiconductor company's stock worth $333,000 after buying an additional 763 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Rambus by 17.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 26,696 shares of the semiconductor company's stock valued at $1,569,000 after purchasing an additional 4,040 shares in the last quarter. Finally, Simplicity Wealth LLC increased its stake in shares of Rambus by 6.4% in the 2nd quarter. Simplicity Wealth LLC now owns 11,699 shares of the semiconductor company's stock worth $687,000 after acquiring an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Analysts Set New Price Targets

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

Rambus Stock Up 0.6 %

RMBS traded up $0.34 during trading hours on Wednesday, hitting $58.98. 590,890 shares of the company's stock were exchanged, compared to its average volume of 1,514,130. The stock's 50-day moving average is $48.33 and its two-hundred day moving average is $50.32. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $76.38. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 36.42 and a beta of 1.22.

Rambus 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.