Lido Advisors LLC Buys New Holdings in Rambus Inc. (NASDAQ:RMBS)

Lido Advisors LLC bought a new stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,007 shares of the semiconductor company's stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also modified their holdings of RMBS. Northern Trust Corp boosted its stake in shares of Rambus by 13.2% during the 4th quarter. Northern Trust Corp now owns 1,463,338 shares of the semiconductor company's stock worth $77,352,000 after acquiring an additional 170,884 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Rambus by 0.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 128,151 shares of the semiconductor company's stock worth $6,774,000 after purchasing an additional 992 shares in the last quarter. Quarry LP raised its position in shares of Rambus by 26.9% during the 4th quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 247 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Rambus by 6.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,609 shares of the semiconductor company's stock valued at $296,000 after buying an additional 324 shares in the last quarter. Finally, Oberweis Asset Management Inc. acquired a new stake in Rambus in the 4th quarter worth about $21,641,000. Institutional investors and hedge funds own 88.54% of the company's stock.

Insider Activity

In other news, Director Necip Sayiner sold 4,625 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the transaction, the director now directly owns 42,000 shares in the company, valued at approximately $2,803,080. This represents a 9.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares of the company's stock, valued at $6,383,064.82. The trade was a 35.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,300 shares of company stock valued at $6,745,221 in the last quarter. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on shares of Rambus in a research report on Monday, February 3rd. Evercore ISI started coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price target on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 price objective on shares of Rambus in a research note on Tuesday, April 29th. Finally, Susquehanna raised their target price 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. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Rambus currently has a consensus rating of "Buy" and an average target price of $75.00.

Rambus Price Performance

RMBS traded down $0.57 during trading hours on Friday, reaching $51.03. The company's stock had a trading volume of 830,056 shares, compared to its average volume of 1,291,607. The stock has a market cap of $5.48 billion, a PE ratio of 30.74 and a beta of 1.24. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The business's 50-day moving average is $50.66 and its 200-day moving average is $54.87.

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.