Bank Julius Baer & Co. Ltd Zurich Increases Stake in Rambus Inc. (NASDAQ:RMBS)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,321 shares of the semiconductor company’s stock after buying an additional 317 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Rambus were worth $252,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its stake in Rambus by 554.9% during 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 position in shares of Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Rambus by 12.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 166 shares during the last quarter. GAMMA Investing LLC lifted its position in Rambus by 19.6% during the fourth quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company’s stock worth $166,000 after buying an additional 514 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Rambus by 58.2% during the third quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock worth $181,000 after buying an additional 1,582 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the sale, the director now owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This represents a 15.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the transaction, the director now owns 42,000 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 62,360 shares of company stock valued at $4,182,809. 1.00% of the stock is currently owned by corporate insiders.

Rambus Trading Down 5.3 %

RMBS opened at $51.98 on Tuesday. The stock’s 50-day moving average price is $59.74 and its 200 day moving average price is $52.24. Rambus Inc. has a 12-month low of $37.43 and a 12-month high of $69.15. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 31.31 and a beta of 1.25.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. Rosenblatt Securities increased their price objective on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $76.71.

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.