Duality Advisers LP Invests $2.27 Million in Rambus Inc. (NASDAQ:RMBS)

Duality Advisers LP bought a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,227 shares of the semiconductor company's stock, valued at approximately $2,268,000.

A number of other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC increased its holdings in Rambus by 38.1% in the 4th quarter. WCM Investment Management LLC now owns 227,710 shares of the semiconductor company's stock worth $15,621,000 after buying an additional 62,880 shares in the last quarter. Raymond James & Associates grew its position in shares of Rambus by 156.0% during the 4th quarter. Raymond James & Associates now owns 32,137 shares of the semiconductor company's stock valued at $2,193,000 after acquiring an additional 19,582 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Rambus by 1,326.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 46,673 shares of the semiconductor company's stock valued at $3,186,000 after buying an additional 43,400 shares in the last quarter. Mesirow Institutional Investment Management Inc. increased its stake in shares of Rambus by 40.9% in the third quarter. Mesirow Institutional Investment Management Inc. now owns 240,656 shares of the semiconductor company's stock worth $13,426,000 after purchasing an additional 69,895 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Rambus by 3.1% during the 4th quarter. Diversified Trust Co now owns 21,549 shares of the semiconductor company's stock valued at $1,471,000 after purchasing an additional 643 shares during the period. Hedge funds and other institutional investors own 88.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RMBS shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 target price on shares of Rambus in a report on Wednesday, March 13th. Wells Fargo & Company lifted their target price on Rambus from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Rambus presently has a consensus rating of "Moderate Buy" and an average target price of $73.20.

Rambus Trading Up 0.1 %

Shares of NASDAQ:RMBS traded up $0.05 during mid-day trading on Monday, reaching $54.73. The stock had a trading volume of 1,539,523 shares, compared to its average volume of 1,570,682. Rambus Inc. has a 1 year low of $43.58 and a 1 year high of $76.38. The business's 50 day moving average price is $59.94 and its 200 day moving average price is $62.66. The company has a market cap of $5.94 billion, a P/E ratio of 18.23 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 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Rambus had a net margin of 72.41% and a return on equity of 17.70%. The business had revenue of $136.00 million during the quarter, compared to analyst estimates of $134.00 million. Analysts predict that Rambus Inc. will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Luc Seraphin sold 5,530 shares of Rambus stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $58.66, for a total value of $324,389.80. Following the completion of the transaction, the chief executive officer now owns 262,791 shares in the company, valued at approximately $15,415,320.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Luc Seraphin sold 5,530 shares of the company's stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $58.66, for a total transaction of $324,389.80. Following the transaction, the chief executive officer now directly owns 262,791 shares in the company, valued at approximately $15,415,320.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Xianzhi Sean Fan sold 2,004 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total transaction of $110,220.00. Following the completion of the sale, the chief operating officer now directly owns 121,229 shares of the company's stock, valued at approximately $6,667,595. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,084 shares of company stock worth $7,408,298. Corporate insiders own 1.00% of the company's stock.

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.