PharVision Advisers LLC Acquires Shares of 4,778 Rambus Inc. (NASDAQ:RMBS)

PharVision Advisers LLC bought a new stake in Rambus Inc. (NASDAQ:RMBS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,778 shares of the semiconductor company's stock, valued at approximately $253,000.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of Rambus by 1,657.4% in the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company's stock valued at $29,188,000 after purchasing an additional 520,754 shares during the period. Atria Investments Inc acquired a new position in shares of Rambus in the 4th quarter valued at $336,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Rambus by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,249,746 shares of the semiconductor company's stock valued at $66,062,000 after purchasing an additional 5,761 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Rambus in the 4th quarter valued at $269,000. Finally, UMB Bank n.a. lifted its stake 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 valued at $28,000 after purchasing an additional 455 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Down 0.2%

Rambus stock opened at $54.52 on Friday. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 32.84 and a beta of 1.24. The company has a fifty day simple moving average of $51.13 and a 200-day simple moving average of $55.45.

Insider Transactions at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $58.64, for a total transaction of $586,400.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Laub sold 3,653 shares of the company's stock in a transaction 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 sale, the director now directly owns 10,904 shares of the company's stock, valued at $605,826.24. The trade was a 25.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,001 shares of company stock valued at $3,080,226 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on RMBS. Wells Fargo & Company boosted their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Wall Street Zen cut shares of Rambus from a "buy" rating to a "hold" rating in a research report on Monday. Rosenblatt Securities restated a "buy" rating and set a $80.00 price objective on shares of Rambus in a research report on Tuesday, April 29th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research report on Monday, February 3rd. Finally, Susquehanna upped their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Rambus presently has a consensus rating of "Buy" and an average 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.

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