Rambus Inc. (NASDAQ:RMBS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,594,979 shares of the semiconductor company's stock after buying an additional 31,645 shares during the quarter. Vanguard Group Inc. owned approximately 11.82% of Rambus worth $665,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC raised its position in Rambus by 1,657.4% during the fourth 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 during the last quarter. World Investment Advisors LLC purchased a new position in shares of Rambus during the 3rd quarter worth approximately $989,000. Campbell Newman Asset Management Inc. raised 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 purchasing an additional 16,376 shares during the last quarter. Atria Investments Inc purchased a new stake in Rambus in the 4th quarter valued at approximately $336,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in 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. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director Necip Sayiner sold 4,625 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total transaction of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares in the company, valued at approximately $2,803,080. The trade was a 9.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Luc Seraphin sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the transaction, the chief executive officer now owns 316,931 shares in the company, valued at $17,047,718.49. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,952 shares of company stock valued at $4,992,255. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RMBS shares. Rosenblatt Securities boosted their price target on Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on shares of Rambus in a research note on Monday, February 3rd. Evercore ISI began coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 target price on the stock. 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 report on Tuesday, February 4th. Finally, Susquehanna upped their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $76.71.

Rambus Stock Down 12.1 %

Shares of RMBS stock traded down $6.35 during trading hours on Thursday, hitting $46.33. 1,180,474 shares of the company were exchanged, compared to its average volume of 1,295,860. The firm has a fifty day moving average of $58.71 and a 200 day moving average of $53.67. Rambus Inc. has a 1 year low of $37.43 and a 1 year high of $69.15. The firm has a market cap of $4.98 billion, a PE ratio of 27.91 and a beta of 1.25.

Rambus Company 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.