Rambus Inc. (NASDAQ:RMBS) Shares Purchased by Truvestments Capital LLC

Truvestments Capital LLC increased its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 26.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,829 shares of the semiconductor company’s stock after purchasing an additional 4,102 shares during the quarter. Truvestments Capital LLC’s holdings in Rambus were worth $1,048,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. increased its position in Rambus by 32.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock worth $61,765,000 after purchasing an additional 357,160 shares in the last quarter. SG Americas Securities LLC increased its position in Rambus by 1,657.4% during the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock worth $29,188,000 after purchasing an additional 520,754 shares in the last quarter. World Investment Advisors LLC purchased a new position in Rambus in the 3rd quarter worth approximately $989,000. Campbell Newman Asset Management Inc. boosted its holdings 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 worth $2,064,000 after acquiring an additional 16,376 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Rambus in the 3rd quarter worth approximately $2,077,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

RMBS has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Susquehanna increased their target price on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on Rambus in a research note on Monday, February 3rd. StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.71.

Insiders Place Their Bets

In related news, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares of the company’s stock, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 62,360 shares of company stock valued at $4,182,809 over the last three months. Company insiders own 1.00% of the company’s stock.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $51.55 on Wednesday. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The business’s fifty day moving average price is $59.71 and its two-hundred day moving average price is $52.27. The firm has a market capitalization of $5.51 billion, a PE ratio of 31.05 and a beta of 1.25.

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.