6,362 Shares in Rambus Inc. (NASDAQ:RMBS) Acquired by Atria Investments Inc

Atria Investments Inc purchased a new stake in Rambus Inc. (NASDAQ:RMBS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,362 shares of the semiconductor company’s stock, valued at approximately $336,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RMBS. State of New Jersey Common Pension Fund D lifted its position in Rambus by 18.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 44,207 shares of the semiconductor company’s stock valued at $1,866,000 after acquiring an additional 6,877 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Rambus in the 3rd quarter valued at about $227,000. Empowered Funds LLC bought a new stake in shares of Rambus in the third quarter valued at about $275,000. Natixis Advisors LLC boosted its position in shares of Rambus by 32.4% during the third quarter. Natixis Advisors LLC now owns 295,307 shares of the semiconductor company’s stock worth $12,468,000 after buying an additional 72,280 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Rambus by 33.3% during the third quarter. Mutual of America Capital Management LLC now owns 148,120 shares of the semiconductor company’s stock worth $6,254,000 after buying an additional 37,018 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

RMBS has been the topic of several research reports. Susquehanna boosted their target price on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Rosenblatt Securities raised their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on shares of Rambus in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. One equities research 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.71.

Insider Activity

In related news, Director Necip Sayiner sold 4,625 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the sale, the director now owns 42,000 shares in the company, valued at approximately $2,803,080. This represents a 9.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Rambus Trading Up 0.1 %

Shares of RMBS opened at $54.51 on Tuesday. The company’s fifty day simple moving average is $59.60 and its 200 day simple moving average is $52.52. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 32.84 and a beta of 1.25.

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.