Moody National Bank Trust Division Buys New Stake in Rambus Inc. (NASDAQ:RMBS)

Moody National Bank Trust Division purchased a new stake in shares of Rambus Inc. (NASDAQ:RMBS) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,848 shares of the semiconductor company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RMBS. Vaughan Nelson Investment Management L.P. grew its position in shares of Rambus by 32.3% during the 3rd 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 acquiring an additional 357,160 shares during the period. World Investment Advisors LLC purchased a new position in Rambus during the third quarter worth approximately $989,000. Dynamic Technology Lab Private Ltd purchased a new position in Rambus during the third quarter worth approximately $2,077,000. Assenagon Asset Management S.A. grew its holdings in Rambus by 339.3% in 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 purchasing an additional 978,417 shares during the period. Finally, FORA Capital LLC increased its position in shares of Rambus by 63.7% in the third quarter. FORA Capital LLC now owns 40,284 shares of the semiconductor company’s stock valued at $1,701,000 after buying an additional 15,671 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Trading Up 4.0 %

Shares of NASDAQ RMBS opened at $58.90 on Thursday. The stock has a market cap of $6.28 billion, a PE ratio of 36.58 and a beta of 1.23. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38. The company has a 50-day moving average of $55.90 and a 200 day moving average of $50.34.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of Rambus 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 transaction, the director now owns 29,090 shares in the company, valued at $1,693,619.80. The trade was a 15.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

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.