Royce & Associates LP Makes New Investment in Rambus Inc. (NASDAQ:RMBS)

Royce & Associates LP acquired a new stake in shares of Rambus Inc. (NASDAQ:RMBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 120,135 shares of the semiconductor company’s stock, valued at approximately $6,350,000.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in shares of Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock worth $80,000 after buying an additional 166 shares during the last quarter. 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 purchasing an additional 202 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Rambus by 2.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 246 shares during the period. Quarry LP increased its position in shares of Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Rambus by 7.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,321 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $54.33 on Wednesday. The company has a market capitalization of $5.84 billion, a PE ratio of 32.73 and a beta of 1.25. The company has a 50 day moving average price of $59.56 and a 200-day moving average price of $52.59. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15.

Insiders Place Their Bets

In related news, COO Xianzhi Sean Fan sold 52,327 shares of the company’s stock in a transaction 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 $6,383,064.82. This represents a 35.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Necip Sayiner sold 4,625 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total transaction of $308,672.50. Following the completion of the transaction, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on RMBS. StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company upped their price target on shares of Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Rosenblatt Securities raised their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Baird R W raised Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Finally, Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. One investment 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.com, the stock currently has an average rating of “Buy” and an average price target of $76.71.

Rambus 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.