Fiduciary Financial Group LLC Purchases New Holdings in Rambus Inc. (NASDAQ:RMBS)

Fiduciary Financial Group LLC bought a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,498 shares of the semiconductor company's stock, valued at approximately $285,000.

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

Insider Buying and Selling at Rambus

In other Rambus news, Director Steven Laub sold 3,653 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $55.56, for a total transaction of $202,960.68. Following the transaction, the director now owns 10,904 shares of the company's stock, valued at $605,826.24. The trade was a 25.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the business'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 value of $586,400.00. Following the transaction, the chief executive officer now directly owns 306,931 shares in the company, valued at approximately $17,998,433.84. This trade represents a 3.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,848 shares of company stock valued at $3,182,033 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Rambus Stock Performance

RMBS traded down $2.56 during mid-day trading on Friday, reaching $58.10. The stock had a trading volume of 892,400 shares, compared to its average volume of 1,268,473. The stock has a market capitalization of $6.24 billion, a P/E ratio of 35.00 and a beta of 1.20. The firm's fifty day simple moving average is $52.39 and its two-hundred day simple moving average is $55.67. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RMBS shares. Rosenblatt Securities reaffirmed 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 Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Rambus has an average rating of "Buy" and an average target price of $75.00.

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.