Sanctuary Advisors LLC Purchases 1,622 Shares of Rambus Inc. (NASDAQ:RMBS)

Sanctuary Advisors LLC boosted its position in shares of Rambus Inc. (NASDAQ:RMBS) by 30.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,910 shares of the semiconductor company’s stock after acquiring an additional 1,622 shares during the period. Sanctuary Advisors LLC’s holdings in Rambus were worth $365,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Rambus by 554.9% in the 4th 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 grew its holdings in shares of Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 264 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Rambus by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 514 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Rambus by 58.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 1,582 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in shares of Rambus by 44.6% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 4,620 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 1,425 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $52.87 on Tuesday. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $69.15. The company has a market capitalization of $5.65 billion, a P/E ratio of 31.85 and a beta of 1.26. The company has a 50-day simple moving average of $59.82 and a 200 day simple moving average of $52.00.

Analysts Set New Price Targets

RMBS has been the subject of several analyst reports. Susquehanna raised their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Loop Capital initiated coverage on Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 price objective for the company. Evercore ISI assumed coverage on Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective for the company. Robert W. Baird set a $90.00 target price on shares of Rambus in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $76.71.

Insiders Place Their Bets

In other Rambus news, Director Meera Rao sold 5,408 shares of the firm’s 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 in the company, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total transaction of $308,672.50. Following the sale, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,360 shares of company stock worth $4,182,809 over the last three months. Insiders own 1.00% of the company’s stock.

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.