World Investment Advisors LLC Invests $989,000 in Rambus Inc. (NASDAQ:RMBS)

World Investment Advisors LLC acquired a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,432 shares of the semiconductor company's stock, valued at approximately $989,000.

Several other large investors also recently modified their holdings of the stock. Quarry LP grew its stake in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock worth $39,000 after buying an additional 264 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Rambus by 68.7% during the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 296 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of 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. raised its holdings in shares of Rambus by 4.3% during the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company's stock valued at $361,000 after purchasing an additional 350 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Rambus by 11.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company's stock worth $294,000 after buying an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Insider Activity at Rambus

In other Rambus news, Director Meera Rao sold 5,408 shares of the company's 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 transaction, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. This represents a 15.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Rambus Stock Up 3.0 %

RMBS stock traded up $1.73 during trading on Monday, reaching $59.14. The company's stock had a trading volume of 762,155 shares, compared to its average volume of 1,488,578. The company's fifty day moving average is $51.12 and its 200-day moving average is $50.39. Rambus Inc. has a 1 year low of $37.42 and a 1 year high of $76.38. The company has a market capitalization of $6.30 billion, a P/E ratio of 36.45 and a beta of 1.22.

Analyst Upgrades and Downgrades

RMBS has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective on the stock. Baird R W raised shares of Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Robert W. Baird initiated coverage on Rambus in a report on Monday, November 25th. They issued an "outperform" rating and a $90.00 target price on the stock. Loop Capital began coverage on Rambus in a report on Monday, November 11th. They set a "buy" rating and a $70.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Rambus in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rambus has an average rating of "Buy" and an average target price of $74.67.

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.