Mutual of America Capital Management LLC Has $9.72 Million Stock Position in Rambus, Inc. $RMBS

Mutual of America Capital Management LLC lifted its holdings in shares of Rambus, Inc. (NASDAQ:RMBS) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 151,854 shares of the semiconductor company’s stock after buying an additional 6,932 shares during the period. Mutual of America Capital Management LLC’s holdings in Rambus were worth $9,722,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Rambus by 45.8% in the 1st quarter. GAMMA Investing LLC now owns 4,573 shares of the semiconductor company’s stock valued at $237,000 after buying an additional 1,436 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Rambus by 57.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,912 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 2,522 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Rambus by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 12,490 shares of the semiconductor company’s stock valued at $646,000 after buying an additional 335 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Rambus by 4.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,762 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 266 shares during the last quarter. Finally, Aspetuck Financial Management LLC acquired a new position in Rambus in the 1st quarter valued at $2,189,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In other news, Director Meera Rao sold 3,000 shares of Rambus stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $71.72, for a total transaction of $215,160.00. Following the sale, the director directly owned 29,914 shares in the company, valued at approximately $2,145,432.08. The trade was a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Desmond Lynch sold 9,074 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $91.70, for a total transaction of $832,085.80. Following the completion of the transaction, the chief financial officer directly owned 64,430 shares of the company’s stock, valued at $5,908,231. This trade represents a 12.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,913 shares of company stock valued at $2,474,452 over the last quarter. 1.00% of the stock is currently owned by insiders.

Rambus Price Performance

NASDAQ RMBS opened at $96.26 on Monday. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 45.41 and a beta of 1.46. The company’s fifty day moving average is $87.63 and its two-hundred day moving average is $68.36. Rambus, Inc. has a 52-week low of $40.12 and a 52-week high of $109.15.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RMBS shares. Susquehanna set a $100.00 target price on shares of Rambus and gave the company a “neutral” rating in a research note on Monday, October 6th. Arete upgraded shares of Rambus from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, August 28th. Weiss Ratings lowered shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Rosenblatt Securities increased their price target on shares of Rambus from $90.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, Arete Research upgraded shares of Rambus to a “strong-buy” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $96.63.

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.