Rambus Inc. (NASDAQ:RMBS) Position Increased by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,710 shares of the semiconductor company's stock after purchasing an additional 62,880 shares during the period. WCM Investment Management LLC owned 0.21% of Rambus worth $15,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RMBS. Hollencrest Capital Management acquired a new stake in Rambus in the first quarter valued at approximately $28,000. Blue Trust Inc. boosted its stake in Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 224 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Rambus in the fourth quarter valued at approximately $33,000. Fifth Third Bancorp boosted its stake in Rambus by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Rambus in the third quarter valued at approximately $39,000. 88.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 price objective on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company lifted their price objective on shares of Rambus from $80.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.20.

Insider Transactions at Rambus

In other news, CEO Luc Seraphin sold 15,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $61.35, for a total transaction of $920,250.00. Following the completion of the sale, the chief executive officer now owns 268,321 shares of the company's stock, valued at $16,461,493.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rambus news, SVP John Shinn sold 3,947 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $62.71, for a total value of $247,516.37. Following the transaction, the senior vice president now directly owns 16,663 shares in the company, valued at approximately $1,044,936.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Luc Seraphin sold 15,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $61.35, for a total transaction of $920,250.00. Following the completion of the transaction, the chief executive officer now owns 268,321 shares in the company, valued at $16,461,493.35. The disclosure for this sale can be found here. Insiders sold 115,554 shares of company stock valued at $7,083,908 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Rambus Trading Down 3.5 %

RMBS traded down $2.19 on Friday, reaching $60.14. The stock had a trading volume of 1,467,814 shares, compared to its average volume of 1,266,255. Rambus Inc. has a 12-month low of $43.58 and a 12-month high of $76.38. The business's 50-day moving average price is $60.06 and its two-hundred day moving average price is $62.55. The company has a market cap of $6.53 billion, a P/E ratio of 20.05 and a beta of 1.16.

Rambus (NASDAQ:RMBS - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $136.00 million during the quarter, compared to analysts' expectations of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. As a group, analysts predict that Rambus Inc. will post 1.63 earnings per share for the current year.

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.