Rambus Inc. (NASDAQ:RMBS) Stock Position Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 205.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,485 shares of the semiconductor company's stock after acquiring an additional 6,379 shares during the period. Tower Research Capital LLC TRC's holdings in Rambus were worth $501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 640 shares during the period. Farther Finance Advisors LLC raised its stake in Rambus by 379.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after purchasing an additional 891 shares during the period. GeoWealth Management LLC purchased a new position in shares of Rambus in the 4th quarter worth $68,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Rambus in the 4th quarter valued at about $73,000. 88.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RMBS has been the topic of several recent research reports. Susquehanna lifted their target price on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Evercore ISI began coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price target for the company. StockNews.com raised Rambus from a "hold" rating to a "buy" rating in a report on Sunday. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $75.00.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the transaction, the director now owns 42,000 shares of the company's stock, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Luc Seraphin sold 6,348 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $46.97, for a total transaction of $298,165.56. Following the sale, the chief executive officer now owns 319,241 shares in the company, valued at $14,994,749.77. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,300 shares of company stock worth $6,745,221 over the last ninety days. Company insiders own 1.00% of the company's stock.

Rambus Stock Performance

Shares of NASDAQ:RMBS traded up $0.08 during trading on Monday, reaching $51.37. The company had a trading volume of 73,468 shares, compared to its average volume of 1,288,539. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The firm has a market capitalization of $5.52 billion, a PE ratio of 30.93 and a beta of 1.20. The firm's fifty day moving average is $51.06 and its 200 day moving average is $54.72.

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.