Stephens Investment Management Group LLC Buys 33,980 Shares of Rambus Inc. (NASDAQ:RMBS)

Stephens Investment Management Group LLC grew its position in shares of Rambus Inc. (NASDAQ:RMBS) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,857 shares of the semiconductor company’s stock after buying an additional 33,980 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Rambus were worth $10,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in Rambus by 3.5% in the third quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company’s stock valued at $203,463,000 after acquiring an additional 164,830 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rambus by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock worth $110,693,000 after purchasing an additional 21,053 shares during the period. Swedbank AB boosted its holdings in shares of Rambus by 12.5% in the third quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company’s stock worth $73,589,000 after buying an additional 193,150 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Rambus by 32.3% during the third 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 buying an additional 357,160 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Rambus by 339.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company’s stock valued at $53,483,000 after buying an additional 978,417 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the transaction, the director now 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 document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RMBS shares. Robert W. Baird began coverage on shares of Rambus in a research note on Monday, November 25th. They set an “outperform” rating and a $90.00 price target on the stock. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. StockNews.com upgraded Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Eight 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.com, Rambus presently has an average rating of “Buy” and a consensus target price of $77.29.

Rambus Trading Down 0.4 %

NASDAQ:RMBS opened at $67.00 on Monday. The stock has a 50-day moving average price of $58.44 and a 200 day moving average price of $50.37. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $69.15. The stock has a market capitalization of $7.14 billion, a P/E ratio of 40.36 and a beta of 1.26.

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.