Dakota Wealth Management Purchases Shares of 5,515 Rambus Inc. (NASDAQ:RMBS)

Dakota Wealth Management acquired a new position in shares of Rambus Inc. (NASDAQ:RMBS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,515 shares of the semiconductor company’s stock, valued at approximately $292,000.

Several other large investors also recently made changes to their positions in RMBS. 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 in the last quarter. Quarry LP bought a new stake in shares of Rambus in the 2nd quarter valued at about $38,000. GAMMA Investing LLC lifted its stake in Rambus by 207.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 1,769 shares during the last quarter. Blue Trust Inc. grew its holdings in Rambus by 255.9% during the third quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 2,920 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Rambus by 58.2% during the third quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock worth $181,000 after buying an additional 1,582 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analysts Set New Price Targets

RMBS has been the subject of several research analyst reports. Robert W. Baird initiated coverage on Rambus in a research note on Monday, November 25th. They set an “outperform” rating and a $90.00 target price for the company. Baird R W raised shares of Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Wells Fargo & Company assumed coverage on shares of Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 target price for the company. Finally, Loop Capital initiated coverage on shares of Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Rambus has a consensus rating of “Buy” and a consensus price target of $74.67.

Rambus Stock Performance

RMBS stock opened at $62.97 on Friday. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $75.90. The company has a market capitalization of $6.71 billion, a PE ratio of 39.11 and a beta of 1.23. The company’s 50-day simple moving average is $57.00 and its 200 day simple moving average is $50.40.

Insiders Place Their Bets

In related news, Director Meera Rao sold 5,408 shares of the stock in a transaction that occurred on 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 owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This represents a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.