Kapitalo Investimentos Ltda Takes $232,000 Position in Rambus Inc. (NASDAQ:RMBS)

Kapitalo Investimentos Ltda bought a new stake in shares of Rambus Inc. (NASDAQ:RMBS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,400 shares of the semiconductor company’s stock, valued at approximately $232,000.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Rambus by 100.4% during the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 224 shares during the last quarter. Fifth Third Bancorp lifted its stake in Rambus by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Rambus in the 3rd quarter worth about $39,000. GAMMA Investing LLC purchased a new stake in Rambus in the 4th quarter worth about $66,000. Finally, Covestor Ltd lifted its stake in Rambus by 50.6% in the 3rd quarter. Covestor Ltd now owns 1,455 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 489 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Trading Up 1.0 %

RMBS stock traded up $0.54 during mid-day trading on Tuesday, hitting $57.06. The stock had a trading volume of 155,514 shares, compared to its average volume of 1,449,312. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 17.28 and a beta of 1.19. The company has a fifty day moving average of $57.01 and a 200 day moving average of $61.59. Rambus Inc. has a 1-year low of $48.13 and a 1-year high of $76.38.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $133.60 million for the quarter, compared to analyst estimates of $132.00 million. Rambus had a return on equity of 16.99% and a net margin of 78.14%. As a group, sell-side analysts expect that Rambus Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RMBS has been the subject of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price objective (up from $72.00) on shares of Rambus in a research note on Monday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Rambus in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Rambus has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Insider Activity

In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $62.69, for a total value of $940,350.00. Following the sale, the chief executive officer now owns 259,755 shares of the company’s stock, valued at approximately $16,284,040.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $62.69, for a total value of $940,350.00. Following the sale, the chief executive officer now owns 259,755 shares of the company’s stock, valued at approximately $16,284,040.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric B. Stang sold 5,408 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $56.95, for a total value of $307,985.60. Following the completion of the sale, the director now directly owns 32,422 shares in the company, valued at approximately $1,846,432.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,885 shares of company stock valued at $3,639,442. 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.