Arete Wealth Advisors LLC Purchases New Position in Rambus Inc. (NASDAQ:RMBS)

Arete Wealth Advisors LLC acquired a new position in shares of Rambus Inc. (NASDAQ:RMBS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,578 shares of the semiconductor company’s stock, valued at approximately $295,000.

A number of other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Rambus during the 4th quarter worth approximately $94,368,000. Raymond James Financial Inc. bought a new position in Rambus during the 4th quarter worth $51,500,000. Congress Asset Management Co. bought a new position in Rambus during the 4th quarter worth $45,778,000. SG Americas Securities LLC lifted its holdings in shares of Rambus by 1,657.4% during the fourth quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock worth $29,188,000 after buying an additional 520,754 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Rambus by 172.3% in the third quarter. Two Sigma Advisers LP now owns 562,900 shares of the semiconductor company’s stock valued at $23,766,000 after acquiring an additional 356,200 shares during the period. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $43.13 on Monday. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The stock has a market capitalization of $4.63 billion, a P/E ratio of 25.98 and a beta of 1.20. The stock has a fifty day moving average of $57.96 and a 200-day moving average of $53.85.

Insiders Place Their Bets

In other Rambus news, Director Necip Sayiner sold 4,625 shares of the company’s 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 completion of the transaction, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. This represents a 9.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $50.88, for a total value of $508,800.00. Following the sale, the chief executive officer now directly owns 346,844 shares in the company, valued at $17,647,422.72. The trade was a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,952 shares of company stock valued at $5,501,055. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on RMBS shares. Rosenblatt Securities lifted their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. StockNews.com cut Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target on the stock. Susquehanna lifted their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird set a $90.00 target price on Rambus in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $76.71.

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.