23,432 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in shares of Rambus Inc. (NASDAQ:RMBS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,432 shares of the semiconductor company’s stock, valued at approximately $989,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC purchased a new stake in shares of Rambus in the first quarter valued at $215,000. Blue Trust Inc. raised its position in Rambus by 240.6% during the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 806 shares during the period. Nisa Investment Advisors LLC lifted its stake in Rambus by 11.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock worth $294,000 after acquiring an additional 496 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Rambus in the second quarter worth approximately $275,000. Finally, Fifth Third Bancorp lifted its position in Rambus by 68.7% in the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after buying an additional 296 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Trading Down 1.2 %

Shares of NASDAQ:RMBS opened at $57.41 on Monday. The business’s 50 day moving average is $51.12 and its 200-day moving average is $50.42. The firm has a market capitalization of $6.12 billion, a PE ratio of 35.66 and a beta of 1.22. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $76.38.

Analyst Ratings Changes

Several brokerages recently issued reports on RMBS. Robert W. Baird initiated coverage on Rambus in a report on Monday, November 25th. They set an “outperform” rating and a $90.00 price objective for the company. Loop Capital assumed coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price target for the company. Baird R W raised Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company began coverage on shares of Rambus in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 target price for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Rambus has an average rating of “Buy” and a consensus price target of $74.67.

Insiders Place Their Bets

In other Rambus news, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which is available at this link. Corporate 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.