WCM Investment Management LLC Buys 34,124 Shares of Rambus Inc. (NASDAQ:RMBS)

WCM Investment Management LLC grew its stake in Rambus Inc. (NASDAQ:RMBS) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386,527 shares of the semiconductor company’s stock after acquiring an additional 34,124 shares during the quarter. WCM Investment Management LLC owned about 0.36% of Rambus worth $20,718,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its holdings in Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock worth $1,645,000 after purchasing an additional 318 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Rambus by 4.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 350 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Rambus by 8.6% in the 4th quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 350 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 455 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Rambus

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

Analyst Ratings Changes

A number of research firms have commented on RMBS. Robert W. Baird initiated coverage on Rambus in a research note on Monday, November 25th. They issued an “outperform” rating and a $90.00 price target for the company. StockNews.com raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Susquehanna upped their price target on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Finally, Evercore ISI initiated coverage on shares of Rambus in a research note on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $77.29.

Rambus Trading Down 0.4 %

Shares of NASDAQ RMBS opened at $67.00 on Friday. The company has a 50 day simple moving average of $58.44 and a two-hundred day simple moving average of $50.46. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 40.36 and a beta of 1.26. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $69.15.

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.