5,578 Shares in Rambus Inc. (NASDAQ:RMBS) Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC bought a new stake in shares of Rambus Inc. (NASDAQ:RMBS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,578 shares of the semiconductor company’s stock, valued at approximately $295,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rambus by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,425 shares of the semiconductor company’s stock worth $10,320,000 after buying an additional 4,178 shares during the last quarter. Verition Fund Management LLC grew its holdings in Rambus by 630.7% during the 3rd quarter. Verition Fund Management LLC now owns 30,888 shares of the semiconductor company’s stock worth $1,304,000 after acquiring an additional 26,661 shares during the period. Holocene Advisors LP bought a new position in shares of Rambus in the 3rd quarter worth about $608,000. HighTower Advisors LLC lifted its stake in shares of Rambus by 22.6% in the 3rd quarter. HighTower Advisors LLC now owns 233,293 shares of the semiconductor company’s stock valued at $9,813,000 after purchasing an additional 42,968 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Rambus by 597.9% during the 3rd quarter. Janus Henderson Group PLC now owns 351,801 shares of the semiconductor company’s stock valued at $14,852,000 after purchasing an additional 301,394 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Insiders Place Their Bets

In other news, COO Xianzhi Sean Fan sold 52,327 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total transaction of $308,672.50. Following the transaction, the director now directly owns 42,000 shares in the company, 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. In the last ninety days, insiders sold 86,952 shares of company stock valued at $5,501,055. Corporate insiders own 1.00% of the company’s stock.

Rambus Price Performance

RMBS opened at $43.13 on Monday. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The firm has a market capitalization of $4.63 billion, a PE ratio of 25.98 and a beta of 1.20. The company’s 50-day moving average is $57.96 and its 200 day moving average is $53.85.

Analyst Ratings Changes

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

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.