GAMMA Investing LLC Acquires 233,631 Shares of Rambus Inc. (NASDAQ:RMBS)

GAMMA Investing LLC increased its position in Rambus Inc. (NASDAQ:RMBS - Free Report) by 7,447.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,768 shares of the semiconductor company's stock after buying an additional 233,631 shares during the quarter. GAMMA Investing LLC owned 0.22% of Rambus worth $12,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RMBS. Mirae Asset Global Investments Co. Ltd. increased its position in Rambus by 448.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,968 shares of the semiconductor company's stock valued at $215,000 after acquiring an additional 3,245 shares during the period. Choreo LLC raised its position in Rambus by 10.2% during the 4th quarter. Choreo LLC now owns 11,837 shares of the semiconductor company's stock worth $634,000 after purchasing an additional 1,094 shares during the last quarter. Empowered Funds LLC lifted its holdings in Rambus by 160.3% during the 4th quarter. Empowered Funds LLC now owns 16,967 shares of the semiconductor company's stock worth $897,000 after buying an additional 10,450 shares during the period. WCM Investment Management LLC lifted its holdings in Rambus by 9.7% during the 4th quarter. WCM Investment Management LLC now owns 386,527 shares of the semiconductor company's stock worth $20,718,000 after buying an additional 34,124 shares during the period. Finally, Stephens Investment Management Group LLC grew its position in shares of Rambus by 21.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 190,857 shares of the semiconductor company's stock valued at $10,089,000 after buying an additional 33,980 shares during the last quarter. Institutional investors own 88.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RMBS shares. 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. Wall Street Zen downgraded shares of 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $75.00.

Insiders Place Their Bets

In other 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 completion of the sale, the director now owns 10,904 shares in the company, valued at $605,826.24. The trade was a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 306,931 shares in the company, valued at approximately $17,998,433.84. This represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,848 shares of company stock worth $3,182,033. 1.00% of the stock is currently owned by company insiders.

Rambus Stock Up 3.4%

RMBS traded up $1.93 during trading on Monday, hitting $59.36. The company's stock had a trading volume of 288,531 shares, compared to its average volume of 1,266,444. The stock's fifty day moving average price is $51.01 and its 200-day moving average price is $55.55. The firm has a market capitalization of $6.38 billion, a P/E ratio of 35.73 and a beta of 1.20. Rambus Inc. has a twelve month low of $37.43 and a twelve month 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.