Cibc World Markets Corp Purchases Shares of 9,999 Rambus Inc. (NASDAQ:RMBS)

Cibc World Markets Corp bought a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,999 shares of the semiconductor company's stock, valued at approximately $529,000.

A number of other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock valued at $28,000 after buying an additional 455 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 640 shares during the last quarter. Quarry LP raised its holdings in Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after buying an additional 264 shares during the period. Farther Finance Advisors LLC lifted its position in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after buying an additional 891 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Rambus by 12.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock worth $80,000 after buying an additional 166 shares during the period. Institutional investors own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

RMBS has been the topic of several recent analyst reports. StockNews.com downgraded shares of Rambus from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research report on Monday, February 3rd. Rosenblatt Securities raised their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Baird R W raised Rambus to a "strong-buy" rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company raised their price target on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $76.71.

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Rambus Trading Up 0.1 %

Shares of NASDAQ RMBS traded up $0.07 during trading hours on Tuesday, reaching $58.94. The stock had a trading volume of 695,774 shares, compared to its average volume of 1,265,810. The business's fifty day moving average price is $59.66 and its two-hundred day moving average price is $53.18. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 35.51 and a beta of 1.25. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15.

Insiders Place Their Bets

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

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.