Rambus Inc. (NASDAQ:RMBS) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its stake in Rambus Inc. (NASDAQ:RMBS) by 3,400.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,095 shares of the semiconductor company’s stock after purchasing an additional 3,978 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Rambus were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RMBS. Lindbrook Capital LLC grew its holdings in Rambus by 12.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 166 shares during the last quarter. Arizona State Retirement System grew its holdings in Rambus by 0.7% in the fourth quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock valued at $1,651,000 after purchasing an additional 202 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Rambus by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 246 shares during the last quarter. Quarry LP grew its holdings in Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in Rambus by 7.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,321 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 317 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on RMBS. Baird R W raised Rambus to a “strong-buy” rating in a report on Monday, November 25th. Wells Fargo & Company upped 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. Evercore ISI assumed coverage on Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective on the stock. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Robert W. Baird set a $90.00 price objective on Rambus in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $76.71.

Insider Buying and Selling

In other news, COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. This trade represents a 35.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the transaction, the director now directly owns 42,000 shares in the company, valued at $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Rambus Trading Up 4.8 %

NASDAQ RMBS opened at $54.43 on Monday. The business’s 50-day moving average price is $59.66 and its 200 day moving average price is $52.45. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The company has a market capitalization of $5.82 billion, a PE ratio of 32.79 and a beta of 1.25.

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.