5,897 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. purchased a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,897 shares of the semiconductor company's stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its position in Rambus by 32.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company's stock worth $61,765,000 after acquiring an additional 357,160 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Rambus during the third quarter worth about $989,000. Campbell Newman Asset Management Inc. boosted its position in Rambus by 72.2% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company's stock valued at $2,064,000 after buying an additional 16,376 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rambus in the 3rd quarter worth approximately $2,077,000. Finally, Assenagon Asset Management S.A. raised its position in Rambus by 339.3% during the 3rd 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. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rambus

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

Rambus Stock Performance

Shares of Rambus stock traded up $2.25 on Monday, hitting $61.92. The company's stock had a trading volume of 704,662 shares, compared to its average volume of 783,118. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 38.46 and a beta of 1.23. The firm has a fifty day moving average price of $56.20 and a 200-day moving average price of $50.30. Rambus Inc. has a 1 year low of $37.42 and a 1 year high of $76.38.

Analysts Set New Price Targets

Several analysts have recently commented on RMBS shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Wells Fargo & Company assumed coverage on Rambus in a research report on Wednesday, November 6th. They set an "overweight" rating and a $62.00 price target on the stock. Baird R W raised Rambus to a "strong-buy" rating in a report on Monday, November 25th. Loop Capital began coverage on Rambus in a report on Monday, November 11th. They set a "buy" rating and a $70.00 target price on the stock. Finally, Robert W. Baird began coverage on Rambus in a report on Monday, November 25th. They issued an "outperform" rating and a $90.00 price target 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $74.67.

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.