Harbor Capital Advisors Inc. Has $4.54 Million Position in Rambus Inc. (NASDAQ:RMBS)

Harbor Capital Advisors Inc. lifted its position in Rambus Inc. (NASDAQ:RMBS - Free Report) by 37.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,914 shares of the semiconductor company's stock after purchasing an additional 23,269 shares during the quarter. Harbor Capital Advisors Inc. owned 0.08% of Rambus worth $4,541,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake 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 buying an additional 978,417 shares during the last quarter. AQR Capital Management LLC grew its position in Rambus by 559.7% during the 2nd quarter. AQR Capital Management LLC now owns 572,930 shares of the semiconductor company's stock worth $33,133,000 after acquiring an additional 486,078 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Rambus during the 3rd quarter valued at $18,984,000. American Century Companies Inc. raised its position in Rambus by 63.8% in the 2nd quarter. American Century Companies Inc. now owns 1,053,377 shares of the semiconductor company's stock valued at $61,897,000 after purchasing an additional 410,332 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Rambus by 32.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company's stock worth $61,765,000 after purchasing an additional 357,160 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Insider Buying and Selling

In related news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the transaction, the director now owns 29,090 shares of the company's stock, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

RMBS has been the topic of several research reports. Loop Capital began coverage on shares of Rambus in a research report on Monday, November 11th. They set a "buy" rating and a $70.00 price target on the stock. Rosenblatt Securities reissued a "buy" rating and set a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Wells Fargo & Company started coverage on shares of Rambus in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective for the company. Baird R W upgraded Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Finally, Robert W. Baird assumed coverage on Rambus in a research note on Monday, November 25th. They issued an "outperform" rating and a $90.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $74.67.

Rambus Stock Performance

RMBS traded down $0.85 during trading on Friday, reaching $56.23. 693,811 shares of the company's stock were exchanged, compared to its average volume of 658,952. The company's fifty day moving average price is $55.59 and its 200-day moving average price is $50.33. The firm has a market capitalization of $5.99 billion, a PE ratio of 34.93 and a beta of 1.23. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.

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.