Rambus Inc. (NASDAQ:RMBS) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. lifted its stake in Rambus Inc. (NASDAQ:RMBS) by 6.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,176,352 shares of the semiconductor company’s stock after purchasing an additional 74,478 shares during the quarter. American Century Companies Inc. owned 1.10% of Rambus worth $62,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RMBS. State Street Corp increased its position in shares of Rambus by 3.5% in the third quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company’s stock worth $203,463,000 after acquiring an additional 164,830 shares in the last quarter. Geode Capital Management LLC boosted its stake in Rambus by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock worth $110,693,000 after purchasing an additional 21,053 shares during the period. Charles Schwab Investment Management Inc. grew its position in Rambus by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,249,746 shares of the semiconductor company’s stock worth $66,062,000 after purchasing an additional 5,761 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Rambus during the 4th quarter valued at $51,500,000. Finally, Congress Asset Management Co. purchased a new stake in shares of Rambus in the fourth quarter valued at $45,778,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on RMBS shares. StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI started coverage on Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Rosenblatt Securities boosted their price objective on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird set a $90.00 target price on shares of Rambus in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rambus presently has a consensus rating of “Buy” and a consensus target price of $76.71.

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total value of $537,900.00. Following the transaction, the chief executive officer now owns 316,931 shares of the company’s stock, valued at $17,047,718.49. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the completion of the sale, the chief operating officer now owns 93,841 shares of the company’s stock, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,952 shares of company stock worth $4,405,855 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Rambus Stock Up 0.1 %

RMBS stock opened at $58.94 on Wednesday. The firm has a 50 day moving average of $59.66 and a two-hundred day moving average of $53.18. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 35.51 and a beta of 1.25.

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.