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

Inceptionr LLC bought a new position in Rambus Inc. (NASDAQ:RMBS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,362 shares of the semiconductor company’s stock, valued at approximately $1,499,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Rambus during the fourth quarter valued at $51,500,000. Congress Asset Management Co. purchased a new position in shares of Rambus during the fourth quarter valued at $45,778,000. SG Americas Securities LLC increased its stake in shares of Rambus by 1,657.4% during the fourth quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock valued at $29,188,000 after buying an additional 520,754 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Rambus during the third quarter valued at $18,984,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Rambus by 32.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock valued at $61,765,000 after buying an additional 357,160 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Price Performance

RMBS opened at $53.95 on Thursday. The firm has a market capitalization of $5.76 billion, a PE ratio of 32.50 and a beta of 1.26. The business’s 50-day moving average is $59.80 and its two-hundred day moving average is $52.06. Rambus Inc. has a 1 year low of $37.42 and a 1 year high of $69.15.

Insiders Place Their Bets

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the sale, the chief operating officer now owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. This trade represents a 35.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was 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 directly owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This represents a 15.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,360 shares of company stock valued at $4,182,809. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on RMBS. Baird R W upgraded Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Loop Capital began coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday. Evercore ISI assumed coverage on Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 target price on the stock. Finally, Robert W. Baird set a $90.00 target price on Rambus in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rambus presently has a consensus rating of “Buy” and a consensus target price of $76.71.

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.