Diversify Advisory Services LLC Buys Shares of 8,472 Rambus Inc. (NASDAQ:RMBS)

Diversify Advisory Services LLC purchased a new position in Rambus Inc. (NASDAQ:RMBS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,472 shares of the semiconductor company’s stock, valued at approximately $476,000.

Several other hedge funds also recently made changes to their positions in RMBS. Quarry LP bought a new position in Rambus in the 2nd quarter worth about $38,000. GAMMA Investing LLC boosted its position in shares of Rambus by 207.1% in the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 1,769 shares during the period. Moody National Bank Trust Division purchased a new position in Rambus during the fourth quarter valued at approximately $203,000. Sanctuary Advisors LLC purchased a new position in Rambus during the second quarter valued at approximately $240,000. Finally, Blue Trust Inc. increased its holdings in Rambus by 255.9% during the 3rd quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 2,920 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Rambus Stock Performance

RMBS stock opened at $63.05 on Wednesday. The company has a market capitalization of $6.72 billion, a PE ratio of 39.16 and a beta of 1.23. The company’s 50 day moving average price is $56.20 and its two-hundred day moving average price is $50.30. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of the firm’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 transaction, the director now owns 29,090 shares in the company, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Rambus 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.