Rambus Inc. (NASDAQ:RMBS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 1,657.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 552,173 shares of the semiconductor company’s stock after purchasing an additional 520,754 shares during the quarter. SG Americas Securities LLC owned about 0.52% of Rambus worth $29,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its position in Rambus by 32.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock valued at $61,765,000 after acquiring an additional 357,160 shares in the last quarter. World Investment Advisors LLC acquired a new position in Rambus in the 3rd quarter valued at about $989,000. Campbell Newman Asset Management Inc. grew its position in Rambus by 72.2% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock valued at $2,064,000 after acquiring an additional 16,376 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rambus in the 3rd quarter valued at about $2,077,000. Finally, Assenagon Asset Management S.A. grew its position in Rambus by 339.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company’s stock valued at $53,483,000 after acquiring an additional 978,417 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Stock Up 2.3 %

RMBS stock opened at $64.50 on Thursday. The business has a 50 day moving average price of $56.35 and a 200 day moving average price of $50.31. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 40.06 and a beta of 1.23. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $75.98.

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 5,408 shares of the business’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 sale, the director now owns 29,090 shares in the company, valued at approximately $1,693,619.80. The trade was a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RMBS shares. Wells Fargo & Company initiated coverage on Rambus in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 target price for the company. Robert W. Baird initiated coverage on Rambus in a research report on Monday, November 25th. They set an “outperform” rating and a $90.00 price objective for the company. Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Loop Capital initiated coverage on Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Six research 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 company currently has an average rating of “Buy” and a consensus target price of $74.67.

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.