Empowered Funds LLC Buys 10,450 Shares of Rambus Inc. (NASDAQ:RMBS)

Empowered Funds LLC increased its position in shares of Rambus Inc. (NASDAQ:RMBS) by 160.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,967 shares of the semiconductor company’s stock after acquiring an additional 10,450 shares during the quarter. Empowered Funds LLC’s holdings in Rambus were worth $897,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RMBS. Vaughan Nelson Investment Management L.P. lifted its stake in 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. SG Americas Securities LLC increased its position in shares of Rambus by 1,657.4% during the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock worth $29,188,000 after purchasing an additional 520,754 shares during the last quarter. World Investment Advisors LLC bought a new stake in Rambus during the third quarter worth $989,000. Campbell Newman Asset Management Inc. raised its holdings in shares of Rambus by 72.2% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock valued at $2,064,000 after purchasing an additional 16,376 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Rambus during the 3rd quarter worth approximately $2,077,000. Institutional investors own 88.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the transaction, the director now directly owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Rambus Stock Up 0.6 %

NASDAQ RMBS opened at $62.96 on Tuesday. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $69.15. The business has a 50 day moving average price of $59.09 and a 200-day moving average price of $50.78. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 37.93 and a beta of 1.26.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Rosenblatt Securities raised their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Baird R W raised shares of Rambus to a “strong-buy” rating in a report on Monday, November 25th. Susquehanna boosted their price target on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. StockNews.com raised shares of Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Loop Capital started coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target on the stock. Eight investment 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.com, Rambus presently has a consensus rating of “Buy” and a consensus price target of $77.29.

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.