28,362 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by Inceptionr LLC

Inceptionr LLC bought a new position in shares of Rambus Inc. (NASDAQ:RMBS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,362 shares of the semiconductor company’s stock, valued at approximately $1,499,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Rambus during the fourth quarter worth about $51,500,000. Arizona State Retirement System raised its position in Rambus by 0.7% during the fourth quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock valued at $1,651,000 after acquiring an additional 202 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Rambus during the fourth quarter valued at approximately $978,000. M&T Bank Corp purchased a new position in Rambus during the fourth quarter valued at approximately $233,000. Finally, Atria Investments Inc purchased a new position in Rambus during the fourth quarter valued at approximately $336,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Price Performance

Rambus stock opened at $53.95 on Thursday. The stock has a market capitalization of $5.76 billion, a PE ratio of 32.50 and a beta of 1.26. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $69.15. The business has a 50 day simple moving average of $59.80 and a 200-day simple moving average of $52.06.

Insider Activity

In related news, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 93,841 shares in the company, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 4,625 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the sale, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. The trade was a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,360 shares of company stock worth $4,182,809 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on RMBS shares. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Susquehanna lifted their price target on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. 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 for the company. Finally, StockNews.com cut Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $76.71.

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.