Nisa Investment Advisors LLC Cuts Stake in Rambus Inc. (NASDAQ:RMBS)

Nisa Investment Advisors LLC reduced its position in shares of Rambus Inc. (NASDAQ:RMBSFree Report) by 15.9% in the fourth quarter, Holdings Channel reports. The firm owned 3,985 shares of the semiconductor company’s stock after selling 755 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Rambus were worth $211,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 455 shares in the last quarter. Quarry LP purchased a new stake in Rambus during the 2nd quarter valued at $38,000. GAMMA Investing LLC increased its holdings in shares of Rambus by 207.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 1,769 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Rambus by 255.9% in 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 last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Rambus by 58.2% in the third quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 1,582 shares during the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on RMBS

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 5,408 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction 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 $1,693,619.80. This trade represents a 15.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Rambus Trading Down 1.4 %

Shares of NASDAQ:RMBS opened at $59.29 on Thursday. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $73.62. The company has a market cap of $6.32 billion, a PE ratio of 36.83 and a beta of 1.23. The stock has a 50 day moving average of $57.26 and a 200 day moving average of $50.20.

About Rambus

(Free Report)

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.

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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