Xponance Inc. Increases Stake in Rambus Inc. (NASDAQ:RMBS)

Xponance Inc. lifted its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,223 shares of the semiconductor company’s stock after purchasing an additional 526 shares during the period. Xponance Inc.’s holdings in Rambus were worth $805,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings 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 acquiring an additional 520,754 shares in the last quarter. World Investment Advisors LLC purchased a new position in Rambus in the third quarter valued at $989,000. Campbell Newman Asset Management Inc. raised its stake in Rambus by 72.2% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock valued at $2,064,000 after buying an additional 16,376 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Rambus during the 3rd quarter worth about $2,077,000. Finally, FORA Capital LLC boosted its position in shares of Rambus by 63.7% during the 3rd quarter. FORA Capital LLC now owns 40,284 shares of the semiconductor company’s stock worth $1,701,000 after acquiring an additional 15,671 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Stock Performance

NASDAQ RMBS opened at $58.87 on Tuesday. The firm’s fifty day moving average is $59.62 and its two-hundred day moving average is $53.04. Rambus Inc. has a one year low of $37.43 and a one year high of $69.15. The firm has a market cap of $6.33 billion, a PE ratio of 35.46 and a beta of 1.25.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 target price on the stock. Rosenblatt Securities upped their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on shares of Rambus in a research note on Monday, February 3rd. Susquehanna upped their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Finally, StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $76.71.

Insider Activity at Rambus

In other news, COO Xianzhi Sean Fan sold 52,327 shares of the company’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 owns 93,841 shares in the company, valued at $6,383,064.82. This represents a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction on Wednesday, February 19th. The shares were 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 in the company, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,952 shares of company stock worth $4,405,855 in the last quarter. Company insiders own 1.00% of the company’s stock.

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.