Rambus Inc. (NASDAQ:RMBS) Position Lifted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,285 shares of the semiconductor company’s stock after acquiring an additional 722 shares during the period. Coldstream Capital Management Inc.’s holdings in Rambus were worth $223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP bought a new position in shares of Rambus during the second quarter worth about $38,000. Fifth Third Bancorp grew its position in shares of Rambus by 68.7% in the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 296 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Rambus by 240.6% in the 2nd quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Rambus during the 2nd quarter valued at approximately $87,000. Finally, GAMMA Investing LLC lifted its stake in Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 1,769 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Insider Activity at Rambus

In related news, Director Meera Rao sold 5,408 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This represents a 15.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on RMBS. Loop Capital started coverage on shares of Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Tuesday, October 29th. Robert W. Baird began coverage on Rambus in a research note on Monday, November 25th. They issued an “outperform” rating and a $90.00 target price for the company. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company assumed coverage on Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective for the company. Six research analysts have rated the stock with 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 an average rating of “Buy” and a consensus target price of $74.67.

Rambus Trading Up 3.0 %

Shares of NASDAQ:RMBS opened at $59.14 on Tuesday. The firm’s 50 day moving average is $51.12 and its two-hundred day moving average is $50.39. The firm has a market capitalization of $6.30 billion, a P/E ratio of 36.45 and a beta of 1.22. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38.

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.