409,400 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. bought a new stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 409,400 shares of the semiconductor company's stock, valued at approximately $21,641,000. Rambus makes up about 1.0% of Oberweis Asset Management Inc.'s portfolio, making the stock its 20th biggest position. Oberweis Asset Management Inc. owned approximately 0.38% of Rambus at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Rambus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company's stock worth $665,771,000 after buying an additional 31,645 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Rambus by 442.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company's stock worth $288,042,000 after acquiring an additional 4,445,146 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Rambus by 72.1% during the fourth quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock valued at $264,287,000 after acquiring an additional 2,093,953 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Rambus by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company's stock worth $221,186,000 after purchasing an additional 68,975 shares in the last quarter. Finally, Norges Bank purchased a new stake in Rambus during the 4th quarter worth approximately $94,368,000. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Trading Up 2.5 %

RMBS traded up $1.28 during midday trading on Monday, hitting $52.22. 2,022,522 shares of the company traded hands, compared to its average volume of 1,302,616. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 31.46 and a beta of 1.20. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The business has a 50 day simple moving average of $52.28 and a two-hundred day simple moving average of $54.50.

Rambus (NASDAQ:RMBS - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). Rambus had a net margin of 32.31% and a return on equity of 17.47%. Equities research analysts anticipate that Rambus Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RMBS shares. Evercore ISI began coverage on Rambus in a research report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 target price on the stock. Robert W. Baird set a $90.00 price target on shares of Rambus in a report on Monday, February 3rd. Susquehanna upped their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities increased their price target on Rambus from $85.00 to $92.00 and gave the stock a "buy" 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $76.71.

Insider Transactions at Rambus

In related news, CEO Luc Seraphin sold 6,348 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $46.97, for a total transaction of $298,165.56. Following the completion of the sale, the chief executive officer now owns 319,241 shares of the company's stock, valued at approximately $14,994,749.77. This represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the completion of the transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. This trade represents a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,300 shares of company stock valued at $6,745,221 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.