WCM Investment Management LLC Has $20.72 Million Position in Rambus Inc. (NASDAQ:RMBS)

WCM Investment Management LLC raised its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 386,527 shares of the semiconductor company's stock after acquiring an additional 34,124 shares during the quarter. WCM Investment Management LLC owned approximately 0.36% of Rambus worth $20,718,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RMBS. Quarry LP lifted its stake in Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 264 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Rambus by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company's stock worth $1,645,000 after purchasing an additional 318 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Rambus by 4.3% in the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company's stock worth $361,000 after purchasing an additional 350 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Rambus by 8.6% in the fourth quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 350 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Rambus by 554.9% during the fourth 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. Institutional investors own 88.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RMBS. Wells Fargo & Company upped their price objective on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. StockNews.com upgraded Rambus from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Loop Capital started coverage on shares of Rambus in a research note on Monday, November 11th. They set a "buy" rating and a $70.00 target price for the company. Baird R W upgraded shares of Rambus to a "strong-buy" rating in a research note on Monday, November 25th. Finally, Evercore ISI began coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price target for the company. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $77.29.

Rambus Stock Down 2.5 %

Shares of RMBS stock traded down $1.65 during trading on Wednesday, reaching $63.07. The company's stock had a trading volume of 1,036,179 shares, compared to its average volume of 1,025,310. The business has a fifty day moving average price of $58.73 and a 200-day moving average price of $50.42. Rambus Inc. has a one year low of $37.42 and a one year high of $69.15. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 37.99 and a beta of 1.26.

Insider Buying and Selling at Rambus

In other Rambus news, Director Meera Rao sold 5,408 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 owns 29,090 shares in the company, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

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.