Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Rambus Inc. (NASDAQ:RMBS) by 86.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 73,938 shares of the semiconductor company’s stock after buying an additional 34,193 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Rambus worth $3,908,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RMBS. UMB Bank n.a. lifted its stake in shares of Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 455 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after buying an additional 640 shares during the period. Farther Finance Advisors LLC lifted its position in Rambus by 379.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after buying an additional 891 shares during the period. Lindbrook Capital LLC boosted its stake in 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. Finally, GAMMA Investing LLC grew its holdings in Rambus by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company’s stock valued at $166,000 after buying an additional 514 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Ratings Changes

RMBS has been the topic of several research analyst reports. StockNews.com raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. Evercore ISI began coverage on shares of Rambus in a research note on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target on the stock. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research note on Monday, February 3rd. Rosenblatt Securities increased their target price on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted 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. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.71.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $45.94 on Thursday. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 27.67 and a beta of 1.20. The business has a 50-day moving average of $52.91 and a 200-day moving average of $54.21.

Insiders Place Their Bets

In related news, 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.79, for a total transaction of $477,900.00. Following the completion of the transaction, the chief executive officer now directly owns 326,844 shares of the company’s stock, valued at approximately $15,619,874.76. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,952 shares of company stock worth $6,447,055 in the last 90 days. 1.00% of the stock is owned by company insiders.

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.