Cambiar Investors LLC Sells 2,960 Shares of Rambus Inc. (NASDAQ:RMBS)

Cambiar Investors LLC cut its holdings in Rambus Inc. (NASDAQ:RMBS) by 7.9% during the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Rambus by 32.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock worth $61,765,000 after purchasing an additional 357,160 shares during the last quarter. SG Americas Securities LLC lifted its stake in Rambus by 1,657.4% in the fourth quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock valued at $29,188,000 after buying an additional 520,754 shares during the period. World Investment Advisors LLC bought a new position in Rambus during the third quarter worth about $989,000. Campbell Newman Asset Management Inc. grew its position in shares of Rambus by 72.2% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock worth $2,064,000 after buying an additional 16,376 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Rambus during the 3rd quarter worth about $2,077,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Robert W. Baird assumed coverage on shares of Rambus in a research report on Monday, November 25th. They set an “outperform” rating and a $90.00 price target on the stock. Evercore ISI began coverage on shares of Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective for the company. Loop Capital started coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Rambus currently has an average rating of “Buy” and an average price target of $77.29.

Rambus Stock Performance

NASDAQ:RMBS opened at $64.72 on Wednesday. The stock has a 50-day simple moving average of $58.61 and a 200 day simple moving average of $50.38. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $69.15. The company has a market cap of $6.90 billion, a PE ratio of 38.99 and a beta of 1.26.

Insiders Place Their Bets

In other Rambus news, Director Meera Rao sold 5,408 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were 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. The trade was a 15.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.