Rambus Inc. (NASDAQ:RMBS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,392 shares of the semiconductor company's stock after purchasing an additional 45,967 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Rambus worth $15,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Rambus by 8.6% during the fourth quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 350 shares during the last quarter. KBC Group NV lifted its holdings in Rambus by 54.8% during the 4th quarter. KBC Group NV now owns 4,008 shares of the semiconductor company's stock valued at $212,000 after buying an additional 1,419 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 buying an additional 3,245 shares during the period. Choreo LLC grew its stake in Rambus by 10.2% in the 4th quarter. Choreo LLC now owns 11,837 shares of the semiconductor company's stock worth $634,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Meritage Portfolio Management increased its holdings in Rambus by 84.3% during the 4th quarter. Meritage Portfolio Management now owns 25,204 shares of the semiconductor company's stock worth $1,332,000 after purchasing an additional 11,531 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rambus

In related news, Director Steven Laub sold 1,847 shares of Rambus stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $55.12, for a total transaction of $101,806.64. Following the completion of the sale, the director now owns 9,057 shares of the company's stock, valued at $499,221.84. The trade was a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the sale, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,848 shares of company stock worth $3,182,033. 1.00% of the stock is owned by corporate insiders.

Rambus Stock Up 2.8%

Shares of Rambus stock traded up $1.55 during midday trading on Tuesday, hitting $56.30. The company had a trading volume of 1,179,497 shares, compared to its average volume of 1,278,161. The company has a fifty day simple moving average of $50.74 and a 200 day simple moving average of $55.45. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 33.92 and a beta of 1.24. Rambus Inc. has a 12-month low of $37.43 and a 12-month high of $69.15.

Analysts Set New Price Targets

A number of research firms have commented on RMBS. Wall Street Zen downgraded shares of Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Evercore ISI started coverage on shares of Rambus in a report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price objective on the stock. 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 target price on shares of Rambus in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $75.00.

Rambus Company 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.