Inceptionr LLC Acquires New Position in Rambus Inc. (NASDAQ:RMBS)

Inceptionr LLC purchased a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,362 shares of the semiconductor company's stock, valued at approximately $1,499,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RMBS. UMB Bank n.a. grew its position in shares of Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 455 shares during the period. Quarry LP lifted its stake in Rambus by 40.3% in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in Rambus by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company's stock worth $166,000 after buying an additional 514 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in Rambus during the 4th quarter worth approximately $203,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Rambus by 448.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,968 shares of the semiconductor company's stock worth $215,000 after buying an additional 3,245 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Insider Activity at Rambus

In related news, Director Necip Sayiner sold 4,625 shares of Rambus 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 in the company, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the sale, the chief operating officer now directly owns 93,841 shares in the company, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,360 shares of company stock worth $4,182,809. Insiders own 1.00% of the company's stock.

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Wall Street Analyst Weigh In

RMBS has been the topic of a number of research analyst reports. Robert W. Baird set a $90.00 price target on Rambus in a research note on Monday, February 3rd. StockNews.com cut shares of Rambus from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Evercore ISI began coverage on shares of Rambus in a report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 target price for the company. Rosenblatt Securities raised their price target 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. Finally, Susquehanna boosted their price target on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $76.71.

Rambus Stock Performance

Shares of RMBS stock traded down $2.90 on Monday, hitting $51.98. 1,246,989 shares of the stock traded hands, compared to its average volume of 1,299,413. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The firm's 50-day moving average price is $59.77 and its two-hundred day moving average price is $52.19. The stock has a market capitalization of $5.55 billion, a PE ratio of 31.31 and a beta of 1.25.

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.