BNC Wealth Management LLC Has $744,000 Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

BNC Wealth Management LLC lessened its holdings in Rambus Inc. (NASDAQ:RMBS) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,068 shares of the semiconductor company’s stock after selling 200 shares during the period. BNC Wealth Management LLC’s holdings in Rambus were worth $744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in shares of Rambus in the second quarter worth $38,000. GAMMA Investing LLC boosted its position in shares of Rambus by 207.1% in the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 1,769 shares during the period. MQS Management LLC acquired a new stake in shares of Rambus in the second quarter worth $226,000. Moody National Bank Trust Division acquired a new stake in shares of Rambus in the fourth quarter worth $203,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Rambus in the second quarter worth $240,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $61.92 on Friday. The business’s 50-day simple moving average is $56.08 and its 200-day simple moving average is $50.36. The firm has a market capitalization of $6.60 billion, a PE ratio of 38.46 and a beta of 1.23. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RMBS shares. Wells Fargo & Company started coverage on Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective for the company. Robert W. Baird started coverage on Rambus in a report on Monday, November 25th. They set an “outperform” rating and a $90.00 price objective for the company. Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. Loop Capital started coverage on Rambus in a report on Monday, November 11th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Rambus in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rambus has a consensus rating of “Buy” and a consensus target price of $74.67.

Insider Transactions at Rambus

In related news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the sale, the director now directly owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.