Stephens Investment Management Group LLC Increases Holdings in Rambus Inc. (NASDAQ:RMBS)

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

Several other institutional investors and hedge funds have also bought and sold shares of RMBS. UMB Bank n.a. raised its holdings 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 acquiring an additional 455 shares in the last quarter. Quarry LP raised its holdings 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 purchasing an additional 264 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Rambus by 207.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 1,769 shares during the period. Blue Trust Inc. lifted its position in shares of Rambus by 255.9% in the 3rd quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 2,920 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Rambus by 58.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 1,582 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Trading Down 0.4 %

Shares of NASDAQ:RMBS opened at $67.00 on Monday. The stock has a fifty day simple moving average of $58.44 and a two-hundred day simple moving average of $50.37. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $69.15. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 40.36 and a beta of 1.26.

Insider Activity

In related news, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the sale, the director now owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird began coverage on shares of Rambus in a research note on Monday, November 25th. They issued an “outperform” rating and a $90.00 price target for the company. Wells Fargo & Company increased their target price on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Rosenblatt Securities lifted their price target on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Loop Capital began coverage on Rambus in a research note on Monday, November 11th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $77.29.

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.