XTX Topco Ltd Makes New Investment in Rambus, Inc. (NASDAQ:RMBS)

Key Points

• XTX Topco Ltd acquired 35,575 shares of Rambus, Inc. for approximately $1.84 million in the 1st quarter, showcasing institutional investment interest in the semiconductor company.
• Analysts have raised their price targets for Rambus, with Rosenblatt Securities increasing it from $80 to $90, reflecting growing confidence in the company's prospects.
• Rambus currently has a market capitalization of $8.07 billion and a price-to-earnings ratio of 35.42, with the stock trading around $75.09.

XTX Topco Ltd bought a new position in Rambus, Inc. (NASDAQ:RMBS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,575 shares of the semiconductor company's stock, valued at approximately $1,842,000.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Rambus by 19.1% in the first quarter. Sequoia Financial Advisors LLC now owns 5,041 shares of the semiconductor company's stock worth $261,000 after purchasing an additional 808 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Rambus by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,602 shares of the semiconductor company's stock worth $554,000 after purchasing an additional 3,711 shares during the last quarter. KBC Group NV grew its stake in shares of Rambus by 18.9% in the first quarter. KBC Group NV now owns 4,765 shares of the semiconductor company's stock worth $247,000 after purchasing an additional 757 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Rambus by 45.8% in the first quarter. GAMMA Investing LLC now owns 4,573 shares of the semiconductor company's stock worth $237,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Rambus by 57.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,912 shares of the semiconductor company's stock worth $358,000 after purchasing an additional 2,522 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Steven Laub sold 3,653 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $55.56, for a total value of $202,960.68. Following the completion of the transaction, the director directly owned 10,904 shares in the company, valued at $605,826.24. The trade was a 25.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RMBS. Rosenblatt Securities raised their target price on Rambus from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday. Susquehanna raised their target price on Rambus from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday. Jefferies Financial Group lifted their price objective on Rambus from $69.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen cut Rambus from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rambus presently has a consensus rating of "Buy" and a consensus price target of $77.71.

Rambus Price Performance

NASDAQ RMBS traded down $1.52 during mid-day trading on Friday, reaching $72.41. The stock had a trading volume of 1,910,561 shares, compared to its average volume of 1,251,275. Rambus, Inc. has a 1 year low of $37.42 and a 1 year high of $76.07. The stock has a market cap of $7.78 billion, a PE ratio of 34.16 and a beta of 1.24. The company has a fifty day moving average price of $62.58 and a 200 day moving average price of $57.79.

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.