Stephens Investment Management Group LLC Has $10.09 Million Position in Rambus Inc. (NASDAQ:RMBS)

Stephens Investment Management Group LLC increased its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,857 shares of the semiconductor company's stock after buying an additional 33,980 shares during the quarter. Stephens Investment Management Group LLC owned about 0.18% of Rambus worth $10,089,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 264 shares in the last quarter. Chartwell Investment Partners LLC grew its position in Rambus by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company's stock valued at $1,645,000 after buying an additional 318 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Rambus by 4.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company's stock valued at $361,000 after buying an additional 350 shares during the period. Blue Trust Inc. raised its position in shares of Rambus by 8.6% during the 4th quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company's stock worth $233,000 after buying an additional 350 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 455 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Trading Down 0.7 %

RMBS stock traded down $0.47 during mid-day trading on Thursday, reaching $62.60. 999,065 shares of the stock traded hands, compared to its average volume of 1,024,406. The stock's fifty day moving average is $58.81 and its 200-day moving average is $50.51. The company has a market cap of $6.67 billion, a P/E ratio of 37.71 and a beta of 1.26. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $69.15.

Analysts Set New Price Targets

A number of brokerages have issued reports on RMBS. Rosenblatt Securities increased their price target on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Susquehanna raised their target price on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research note on Tuesday, February 4th. Robert W. Baird assumed coverage on shares of Rambus in a research report on Monday, November 25th. They issued an "outperform" rating and a $90.00 price target on the stock. Baird R W upgraded shares of Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company lifted their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $77.29.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

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.