Bailard Inc. Reduces Stock Position in Rambus Inc. (NASDAQ:RMBS)

Bailard Inc. lowered its stake in Rambus Inc. (NASDAQ:RMBS) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,291 shares of the semiconductor company’s stock after selling 1,958 shares during the quarter. Bailard Inc.’s holdings in Rambus were worth $1,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. boosted its stake 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 worth $61,765,000 after acquiring an additional 357,160 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Rambus by 1,657.4% during the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock worth $29,188,000 after acquiring an additional 520,754 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Rambus during the 3rd quarter worth $989,000. Campbell Newman Asset Management Inc. boosted its stake in shares of Rambus by 72.2% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock worth $2,064,000 after acquiring an additional 16,376 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Rambus during the 3rd quarter worth $2,077,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the sale, the chief operating officer now directly owns 93,841 shares in the company, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Meera Rao sold 5,408 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the sale, the director now owns 29,090 shares in the company, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,360 shares of company stock worth $4,182,809. Insiders own 1.00% of the company’s stock.

Rambus Stock Performance

Shares of NASDAQ RMBS opened at $55.89 on Monday. The company has a market cap of $5.96 billion, a P/E ratio of 33.67 and a beta of 1.26. The firm’s fifty day moving average is $59.84 and its two-hundred day moving average is $51.95. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $69.15.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Susquehanna lifted their price target on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. Loop Capital began coverage on shares of Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 target price on the stock. Rosenblatt Securities lifted their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rambus has an average rating of “Buy” and a consensus target price of $76.71.

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.