Stifel Financial Corp Makes New $645,000 Investment in Rambus Inc. (NASDAQ:RMBS)

Stifel Financial Corp purchased a new position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,203 shares of the semiconductor company's stock, valued at approximately $645,000.

Several other institutional investors have also modified their holdings of RMBS. Tower Research Capital LLC TRC grew its stake in shares of Rambus by 205.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,485 shares of the semiconductor company's stock worth $501,000 after acquiring an additional 6,379 shares in the last quarter. Natixis boosted its stake in shares of Rambus by 11.9% during the 4th quarter. Natixis now owns 24,500 shares of the semiconductor company's stock worth $1,295,000 after buying an additional 2,600 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Rambus by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 122,295 shares of the semiconductor company's stock valued at $6,465,000 after acquiring an additional 5,761 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Rambus in the fourth quarter valued at about $459,000. Finally, GeoWealth Management LLC bought a new stake in Rambus during the fourth quarter worth about $68,000. Institutional investors own 88.54% of the company's stock.

Insider Buying and Selling

In other news, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the sale, the chief executive officer now directly owns 316,931 shares in the company, valued at approximately $17,047,718.49. This represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 93,841 shares in the company, valued at $6,383,064.82. The trade was a 35.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,300 shares of company stock valued at $6,745,221. Insiders own 1.00% of the company's stock.

Rambus Stock Performance

Shares of RMBS stock traded down $1.01 during midday trading on Thursday, hitting $56.64. 442,623 shares of the company were exchanged, compared to its average volume of 1,292,389. The firm's 50 day moving average price is $50.80 and its two-hundred day moving average price is $55.15. The firm has a market capitalization of $6.08 billion, a P/E ratio of 34.12 and a beta of 1.24. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15.

Analyst Ratings Changes

RMBS has been the subject of a number of analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $80.00 price target on shares of Rambus in a research note on Tuesday, April 29th. Robert W. Baird set a $90.00 price target on shares of Rambus in a research report on Monday, February 3rd. Susquehanna boosted their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, February 4th. Evercore ISI initiated coverage on shares of Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 target price for the company. Finally, StockNews.com raised Rambus from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Rambus currently has an average rating of "Buy" and a consensus price target of $75.00.

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.