Diversify Advisory Services LLC Makes New Investment in Rambus Inc. (NASDAQ:RMBS)

Diversify Advisory Services LLC bought a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,472 shares of the semiconductor company's stock, valued at approximately $476,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new position in Rambus in the second quarter worth about $38,000. GAMMA Investing LLC raised its holdings in shares of Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company's stock valued at $111,000 after buying an additional 1,769 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Rambus by 255.9% during the third quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company's stock valued at $171,000 after buying an additional 2,920 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Rambus by 58.2% during the third quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company's stock valued at $181,000 after buying an additional 1,582 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC raised its holdings in shares of Rambus by 44.6% during the third quarter. MeadowBrook Investment Advisors LLC now owns 4,620 shares of the semiconductor company's stock valued at $195,000 after buying an additional 1,425 shares during the last quarter. Institutional investors own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

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

Rambus Stock Up 2.7 %

Rambus stock traded up $1.71 during mid-day trading on Wednesday, hitting $64.76. The company's stock had a trading volume of 388,187 shares, compared to its average volume of 629,906. The stock has a market capitalization of $6.90 billion, a P/E ratio of 40.25 and a beta of 1.23. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $75.98. The stock's fifty day moving average price is $56.20 and its two-hundred day moving average price is $50.30.

Insiders Place Their Bets

In related news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now owns 29,090 shares of the company's stock, valued at approximately $1,693,619.80. The trade was a 15.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

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.