Polen Capital Management LLC Grows Holdings in Rambus Inc. (NASDAQ:RMBS)

Polen Capital Management LLC lifted its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 76.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 99,259 shares of the semiconductor company’s stock after purchasing an additional 43,109 shares during the period. Polen Capital Management LLC’s holdings in Rambus were worth $5,247,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 455 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 640 shares during the period. Quarry LP boosted its holdings in shares of Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 264 shares during the period. Farther Finance Advisors LLC lifted its holdings in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 891 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 166 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RMBS. Wells Fargo & Company upped their target price on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Evercore ISI began coverage on Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective on the stock. Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. StockNews.com cut Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Susquehanna upped their target price on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $76.71.

Insider Activity

In related news, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. This trade represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Rambus Price Performance

NASDAQ:RMBS opened at $54.43 on Monday. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The stock has a market capitalization of $5.82 billion, a PE ratio of 32.79 and a beta of 1.25. The business’s 50-day simple moving average is $59.66 and its 200-day simple moving average is $52.45.

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.