Rice Hall James & Associates LLC Has $3.64 Million Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Rice Hall James & Associates LLC raised its holdings in Rambus Inc. (NASDAQ:RMBS) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 68,874 shares of the semiconductor company’s stock after acquiring an additional 631 shares during the period. Rice Hall James & Associates LLC’s holdings in Rambus were worth $3,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its position in 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 valued at $61,765,000 after acquiring an additional 357,160 shares during the period. SG Americas Securities LLC increased its position in Rambus by 1,657.4% in the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock valued at $29,188,000 after acquiring an additional 520,754 shares during the period. World Investment Advisors LLC acquired a new position in Rambus in the 3rd quarter valued at approximately $989,000. Campbell Newman Asset Management Inc. increased its position in Rambus by 72.2% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock valued at $2,064,000 after acquiring an additional 16,376 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Rambus in the 3rd quarter valued at approximately $2,077,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the transaction, the director now directly owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RMBS shares. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Susquehanna increased their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Evercore ISI began coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird began coverage on shares of Rambus in a research report on Monday, November 25th. They set an “outperform” rating and a $90.00 price objective for the company. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $77.29.

Rambus Stock Up 8.9 %

Shares of NASDAQ RMBS opened at $68.59 on Wednesday. The firm has a market cap of $7.31 billion, a PE ratio of 41.32 and a beta of 1.26. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $69.15. The company’s fifty day simple moving average is $59.09 and its 200 day simple moving average is $50.78.

Rambus Company 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.