Russell Investments Group Ltd. Cuts Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Russell Investments Group Ltd. lessened its position in Rambus Inc. (NASDAQ:RMBS) by 42.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,173 shares of the semiconductor company’s stock after selling 59,542 shares during the quarter. Russell Investments Group Ltd.’s holdings in Rambus were worth $4,185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its stake 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 purchasing an additional 166 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Rambus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company’s stock worth $2,400,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in shares of Rambus by 0.7% in the fourth quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock valued at $1,651,000 after buying an additional 202 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Rambus by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock worth $472,000 after buying an additional 246 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in Rambus by 7.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,321 shares of the semiconductor company’s stock valued at $252,000 after acquiring an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insiders Place Their Bets

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of the company’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 transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. This represents a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $46.81, for a total value of $468,100.00. Following the transaction, the chief executive officer now owns 336,844 shares of the company’s stock, valued at approximately $15,767,667.64. This represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,952 shares of company stock valued at $5,969,155 over the last 90 days. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on RMBS shares. StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Susquehanna boosted their price objective on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. 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 assumed coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target on the stock. Finally, Rosenblatt Securities raised their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One investment 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. According to data from MarketBeat.com, Rambus presently has an average rating of “Buy” and a consensus target price of $76.71.

Rambus Trading Up 0.5 %

Shares of NASDAQ:RMBS opened at $47.47 on Wednesday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 28.60 and a beta of 1.20. Rambus Inc. has a 12-month low of $37.43 and a 12-month high of $69.15. The business has a 50-day moving average price of $55.22 and a 200 day moving average price of $54.11.

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.