5,498 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC acquired a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 5,498 shares of the semiconductor company's stock, valued at approximately $285,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Rambus by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company's stock worth $665,771,000 after acquiring an additional 31,645 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Rambus by 442.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company's stock worth $288,042,000 after purchasing an additional 4,445,146 shares during the last quarter. Invesco Ltd. increased its holdings in Rambus by 72.1% during the 4th quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock valued at $264,287,000 after purchasing an additional 2,093,953 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Rambus by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company's stock valued at $221,186,000 after purchasing an additional 68,975 shares during the period. Finally, Norges Bank bought a new position in Rambus during the 4th quarter valued at approximately $94,368,000. Institutional investors own 88.54% of the company's stock.

Insider Activity

In other Rambus news, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total transaction of $586,400.00. Following the completion of the transaction, the chief executive officer now owns 306,931 shares of the company's stock, valued at $17,998,433.84. This represents a 3.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven Laub sold 1,847 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $55.12, for a total value of $101,806.64. Following the sale, the director now directly owns 9,057 shares of the company's stock, valued at $499,221.84. This represents a 16.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,848 shares of company stock worth $3,182,033. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

RMBS has been the topic of a number of analyst reports. Rosenblatt Securities restated a "buy" rating and set a $80.00 target price on shares of Rambus in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rambus presently has a consensus rating of "Buy" and an average target price of $75.00.

Rambus Stock Down 0.4%

Shares of NASDAQ:RMBS traded down $0.23 on Thursday, reaching $60.98. 177,854 shares of the company's stock were exchanged, compared to its average volume of 1,263,527. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 36.73 and a beta of 1.20. The business's 50-day moving average is $51.77 and its two-hundred day moving average is $55.64. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week 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.