Quantessence Capital LLC Invests $392,000 in Rambus Inc. (NASDAQ:RMBS)

Quantessence Capital LLC bought a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,421 shares of the semiconductor company's stock, valued at approximately $392,000.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Rambus by 1,657.4% during the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company's stock worth $29,188,000 after acquiring an additional 520,754 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Rambus during the third quarter worth approximately $989,000. Campbell Newman Asset Management Inc. lifted its position in shares of Rambus by 72.2% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company's stock worth $2,064,000 after buying an additional 16,376 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Rambus during the 4th quarter worth approximately $336,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Rambus by 28.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,909 shares of the semiconductor company's stock valued at $682,000 after buying an additional 2,853 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Wall Street Analysts Forecast Growth

RMBS has been the subject of a number of research reports. Robert W. Baird set a $90.00 price target on shares of Rambus in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. StockNews.com upgraded Rambus from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Evercore ISI initiated coverage on Rambus in a report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price objective for the company. Finally, Susquehanna lifted their target price on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $76.71.

Insider Transactions at Rambus

In related news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.79, for a total transaction of $477,900.00. Following the completion of the transaction, the chief executive officer now directly owns 326,844 shares of the company's stock, valued at $15,619,874.76. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Necip Sayiner sold 4,625 shares of the firm's 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 directly owns 42,000 shares of the company's stock, valued at $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,952 shares of company stock worth $6,447,055. Company insiders own 1.00% of the company's stock.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $44.28 on Wednesday. The stock has a fifty day moving average price of $53.25 and a 200 day moving average price of $54.26. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The company has a market cap of $4.76 billion, a PE ratio of 26.67 and a beta of 1.20.

About Rambus

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.

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