Cambiar Investors LLC Has $1.83 Million Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Cambiar Investors LLC decreased its position in Rambus Inc. (NASDAQ:RMBS) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,526 shares of the semiconductor company’s stock after selling 2,960 shares during the period. Cambiar Investors LLC’s holdings in Rambus were worth $1,825,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RMBS. Quarry LP boosted its position in shares of Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 264 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock worth $1,645,000 after purchasing an additional 318 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in Rambus by 4.3% during the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 350 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Rambus by 8.6% in the 4th quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 350 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after buying an additional 455 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Susquehanna boosted their target price on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price on the stock. Robert W. Baird began coverage on shares of Rambus in a report on Monday, November 25th. They set an “outperform” rating and a $90.00 price target for the company. Finally, Rosenblatt Securities upped their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $77.29.

Insiders Place Their Bets

In other news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now directly owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Rambus Stock Down 3.6 %

Shares of NASDAQ RMBS opened at $64.72 on Wednesday. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $69.15. The firm’s 50-day simple moving average is $58.61 and its 200 day simple moving average is $50.38. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 38.99 and a beta of 1.26.

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.