Federated Hermes Inc. Has $11.45 Million Position in Rambus, Inc. $RMBS

Federated Hermes Inc. increased its position in shares of Rambus, Inc. (NASDAQ:RMBS) by 995.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,841 shares of the semiconductor company’s stock after acquiring an additional 99,814 shares during the period. Federated Hermes Inc. owned about 0.10% of Rambus worth $11,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of Rambus by 22,321.4% in the 1st quarter. NewEdge Advisors LLC now owns 9,417 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 9,375 shares during the last quarter. Empowered Funds LLC grew its position in Rambus by 34.1% in the first quarter. Empowered Funds LLC now owns 22,750 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 5,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Rambus by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 309,512 shares of the semiconductor company’s stock worth $16,025,000 after acquiring an additional 19,120 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Rambus in the first quarter worth about $218,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Rambus by 32.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,176 shares of the semiconductor company’s stock valued at $605,000 after purchasing an additional 2,264 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Rambus Price Performance

Shares of RMBS stock opened at $113.83 on Friday. The business’s 50 day simple moving average is $100.64 and its 200 day simple moving average is $92.20. Rambus, Inc. has a one year low of $40.12 and a one year high of $135.75. The stock has a market capitalization of $12.25 billion, a PE ratio of 53.95 and a beta of 1.51.

Wall Street Analyst Weigh In

RMBS has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded shares of Rambus to a “strong-buy” rating in a research report on Tuesday, October 28th. Evercore ISI upped their price target on shares of Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Wells Fargo & Company raised their price objective on Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. William Blair began coverage on Rambus in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Finally, Zacks Research upgraded Rambus to a “hold” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $108.14.

Insider Activity at Rambus

In other news, Director Eric B. Stang sold 4,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $111.78, for a total transaction of $447,120.00. Following the completion of the sale, the director directly owned 20,394 shares in the company, valued at $2,279,641.32. This represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Rambus Company Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.