Boston Partners Purchases 1,762 Shares of Rambus Inc. (NASDAQ:RMBS)

Boston Partners boosted its position in Rambus Inc. (NASDAQ:RMBSFree Report) by 22.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,443 shares of the semiconductor company’s stock after purchasing an additional 1,762 shares during the quarter. Boston Partners’ holdings in Rambus were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. bought a new position in shares of Rambus in the 1st quarter worth $230,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Rambus by 78.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,230 shares of the semiconductor company’s stock worth $518,000 after buying an additional 7,142 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Rambus by 56.5% in the 1st quarter. MetLife Investment Management LLC now owns 59,397 shares of the semiconductor company’s stock worth $1,894,000 after buying an additional 21,446 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Rambus by 0.3% in the 1st quarter. BlackRock Inc. now owns 17,199,468 shares of the semiconductor company’s stock worth $548,492,000 after buying an additional 47,422 shares during the last quarter. Finally, Cibc World Market Inc. bought a new position in shares of Rambus during the 1st quarter valued at $575,000. 86.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rambus news, CFO Desmond Lynch sold 1,527 shares of Rambus stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $64.64, for a total value of $98,705.28. Following the completion of the transaction, the chief financial officer now directly owns 64,198 shares of the company’s stock, valued at $4,149,758.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Steven Laub sold 2,000 shares of Rambus stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $66.91, for a total value of $133,820.00. Following the completion of the sale, the director now directly owns 7,761 shares in the company, valued at $519,288.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Desmond Lynch sold 1,527 shares of Rambus stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $64.64, for a total transaction of $98,705.28. Following the completion of the sale, the chief financial officer now owns 64,198 shares of the company’s stock, valued at $4,149,758.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,431 shares of company stock valued at $1,354,106. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on RMBS shares. Wells Fargo & Company increased their target price on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Rambus in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Rambus presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.20.

Get Our Latest Analysis on Rambus

Rambus Price Performance

Shares of NASDAQ RMBS opened at $53.62 on Thursday. Rambus Inc. has a 1 year low of $40.48 and a 1 year high of $76.38. The stock has a market cap of $5.76 billion, a P/E ratio of 17.87 and a beta of 1.22. The firm has a 50-day moving average of $67.92 and a 200 day moving average of $61.04.

Rambus Company Profile

(Free Report)

Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and physical interface and digital controller IP to offer industry-leading, integrated memory, and interconnect subsystems.

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Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

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