5,098 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC acquired a new position in shares of Rambus Inc. (NASDAQ:RMBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,098 shares of the semiconductor company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its stake in shares of Rambus by 69.5% during the third quarter. Cerity Partners LLC now owns 16,615 shares of the semiconductor company’s stock valued at $701,000 after acquiring an additional 6,814 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Rambus by 1.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,425 shares of the semiconductor company’s stock valued at $10,320,000 after purchasing an additional 4,178 shares during the period. Verition Fund Management LLC lifted its position in Rambus by 630.7% during the 3rd quarter. Verition Fund Management LLC now owns 30,888 shares of the semiconductor company’s stock valued at $1,304,000 after purchasing an additional 26,661 shares during the period. Paloma Partners Management Co bought a new position in shares of Rambus in the 3rd quarter valued at about $372,000. Finally, Barington Capital Group L.P. grew its position in shares of Rambus by 11.5% during the 3rd quarter. Barington Capital Group L.P. now owns 145,100 shares of the semiconductor company’s stock worth $6,126,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Price Performance

NASDAQ:RMBS opened at $51.78 on Tuesday. The business’s 50-day simple moving average is $59.16 and its 200-day simple moving average is $53.60. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The stock has a market capitalization of $5.56 billion, a PE ratio of 31.19 and a beta of 1.25.

Wall Street Analyst Weigh In

RMBS has been the topic of several analyst reports. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research note on Monday, February 3rd. Rosenblatt Securities raised their price target on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Susquehanna raised their target price on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Evercore ISI began coverage on shares of Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $76.71.

Insider Buying and Selling at Rambus

In other news, COO Xianzhi Sean Fan sold 52,327 shares of the business’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 sale, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. The trade was a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,952 shares of company stock valued at $4,992,255. 1.00% of the stock is currently owned by corporate insiders.

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.