World Investment Advisors LLC Makes New Investment in Rambus Inc. (NASDAQ:RMBS)

World Investment Advisors LLC purchased a new stake in Rambus Inc. (NASDAQ:RMBS) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 23,432 shares of the semiconductor company’s stock, valued at approximately $989,000.

A number of other institutional investors have also modified their holdings of RMBS. Cetera Advisors LLC acquired a new position in Rambus in the first quarter valued at approximately $215,000. Blue Trust Inc. lifted 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 worth $71,000 after purchasing an additional 806 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Rambus by 11.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 496 shares during the period. Dakota Wealth Management bought a new position in Rambus during the 2nd quarter worth $275,000. Finally, Fifth Third Bancorp increased its position in Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after buying an additional 296 shares during the period. Institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RMBS. Baird R W raised shares of Rambus to a “strong-buy” rating in a report on Monday, November 25th. Wells Fargo & Company assumed coverage on shares of Rambus in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Loop Capital assumed coverage on Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Robert W. Baird started coverage on Rambus in a research note on Monday, November 25th. They set an “outperform” rating and a $90.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $74.67.

Insider Activity

In related news, Director Meera Rao sold 5,408 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the sale, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. The trade was a 15.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Rambus Price Performance

NASDAQ RMBS opened at $57.41 on Monday. The firm has a market capitalization of $6.12 billion, a PE ratio of 35.66 and a beta of 1.22. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $76.38. The company’s 50 day simple moving average is $51.12 and its 200 day simple moving average is $50.42.

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.