KBC Group NV Purchases 1,419 Shares of Rambus Inc. (NASDAQ:RMBS)

KBC Group NV grew its position in shares of Rambus Inc. (NASDAQ:RMBS) by 54.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,008 shares of the semiconductor company’s stock after buying an additional 1,419 shares during the period. KBC Group NV’s holdings in Rambus were worth $212,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Rambus by 3.5% in the third quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company’s stock valued at $203,463,000 after acquiring an additional 164,830 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Rambus by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock worth $110,693,000 after purchasing an additional 21,053 shares in the last quarter. Swedbank AB increased its holdings in shares of Rambus by 12.5% during the third quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company’s stock worth $73,589,000 after purchasing an additional 193,150 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Rambus by 32.3% in 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Rambus by 339.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company’s stock valued at $53,483,000 after buying an additional 978,417 shares during the period. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of NASDAQ RMBS opened at $64.44 on Wednesday. The firm has a 50 day moving average price of $57.84 and a two-hundred day moving average price of $50.19. The stock has a market cap of $6.87 billion, a P/E ratio of 40.03 and a beta of 1.26. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $69.89.

Insiders Place Their Bets

In related news, Director Meera Rao sold 5,408 shares of the business’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 $1,693,619.80. The trade was a 15.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on RMBS. Wells Fargo & Company lifted their price objective on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday. Baird R W raised Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Rosenblatt Securities increased their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday. Susquehanna raised 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. Finally, Robert W. Baird assumed coverage on shares of Rambus in a research report on Monday, November 25th. They set an “outperform” rating and a $90.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $77.29.

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.