Nations Financial Group Inc. IA ADV Buys 246 Shares of Rambus Inc. (NASDAQ:RMBS)

Nations Financial Group Inc. IA ADV increased its position in shares of Rambus Inc. (NASDAQ:RMBS) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,925 shares of the semiconductor company’s stock after purchasing an additional 246 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Rambus were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of RMBS. Quarry LP raised its holdings in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 264 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in Rambus by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock worth $1,645,000 after buying an additional 318 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Rambus by 4.3% during the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 350 shares during the period. Blue Trust Inc. grew its position in shares of Rambus by 8.6% in the 4th quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 350 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RMBS shares. Evercore ISI began coverage on Rambus in a report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target for the company. Loop Capital started coverage on Rambus in a report on Monday, November 11th. They set a “buy” rating and a $70.00 price objective for the company. Susquehanna increased their target price on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Robert W. Baird started coverage on Rambus in a research report on Monday, November 25th. They set an “outperform” rating and a $90.00 price target for the company. Finally, StockNews.com raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $77.29.

Rambus Stock Up 0.6 %

Shares of NASDAQ RMBS opened at $62.96 on Tuesday. The company has a market cap of $6.71 billion, a P/E ratio of 37.93 and a beta of 1.26. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $69.15. The business has a 50-day simple moving average of $59.09 and a two-hundred day simple moving average of $50.78.

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.