Sanctuary Advisors LLC Has $365,000 Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Sanctuary Advisors LLC boosted its position in shares of Rambus Inc. (NASDAQ:RMBS) by 30.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,910 shares of the semiconductor company’s stock after buying an additional 1,622 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rambus were worth $365,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Rambus by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 330,134 shares of the semiconductor company’s stock worth $17,451,000 after buying an additional 4,725 shares in the last quarter. Congress Asset Management Co. acquired a new position in shares of Rambus in the 4th quarter valued at $45,778,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of Rambus by 2.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 246 shares during the period. Rhumbline Advisers lifted its stake in shares of Rambus by 0.8% in the 4th quarter. Rhumbline Advisers now owns 331,966 shares of the semiconductor company’s stock valued at $17,548,000 after purchasing an additional 2,762 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Rambus by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 106,164 shares of the semiconductor company’s stock valued at $5,612,000 after purchasing an additional 24,723 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Robert W. Baird set a $90.00 price target on Rambus in a research note on Monday, February 3rd. Evercore ISI assumed coverage on Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock. Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Loop Capital assumed coverage on Rambus in a research note on Monday, November 11th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Eight equities research 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 stock presently has a consensus rating of “Buy” and a consensus price target of $76.71.

Rambus Stock Down 5.4 %

RMBS opened at $52.87 on Tuesday. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $69.15. The company has a fifty day simple moving average of $59.82 and a 200 day simple moving average of $52.00. The stock has a market cap of $5.65 billion, a P/E ratio of 31.85 and a beta of 1.26.

Insider Activity at Rambus

In related news, COO Xianzhi Sean Fan sold 52,327 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were 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 in the company, valued at $6,383,064.82. This represents a 35.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Necip Sayiner sold 4,625 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the transaction, the director now owns 42,000 shares of the company’s stock, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,360 shares of company stock worth $4,182,809 in the last quarter. Corporate 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.