Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Polen Capital Management LLC

Polen Capital Management LLC raised its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 76.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,259 shares of the semiconductor company's stock after purchasing an additional 43,109 shares during the period. Polen Capital Management LLC owned about 0.09% of Rambus worth $5,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its position in Rambus by 554.9% in the 4th 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 in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 640 shares during the last quarter. Quarry LP increased its holdings in shares of 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 acquiring an additional 264 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 891 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock valued at $80,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Remove Ads

Rambus Price Performance

Shares of RMBS stock traded down $0.14 during midday trading on Thursday, hitting $56.82. The company had a trading volume of 741,368 shares, compared to its average volume of 1,273,083. The company's 50 day simple moving average is $59.55 and its 200 day simple moving average is $52.62. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 34.23 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RMBS shares. Susquehanna increased their price objective on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Rosenblatt Securities increased their price objective on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Evercore ISI started coverage on Rambus in a report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price objective on the stock. Finally, Baird R W upgraded Rambus to a "strong-buy" rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Rambus has a consensus rating of "Buy" and a consensus target price of $76.71.

Insider Buying and Selling at Rambus

In other Rambus news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the transaction, the chief executive officer now directly owns 316,931 shares in the company, valued at approximately $17,047,718.49. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director now owns 42,000 shares in the company, valued at $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,952 shares of company stock worth $4,405,855. 1.00% of the stock is currently owned by 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.