Rambus Inc. (NASDAQ:RMBS) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 29.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 174,059 shares of the semiconductor company’s stock after selling 72,284 shares during the period. Natixis Advisors L.P.’s holdings in Rambus were worth $11,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RMBS. Blue Trust Inc. raised its position in Rambus by 100.4% during the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 224 shares during the period. Fifth Third Bancorp increased its stake in shares of Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Rambus during the 3rd quarter worth about $39,000. GAMMA Investing LLC purchased a new position in Rambus in the 4th quarter valued at about $66,000. Finally, NBC Securities Inc. acquired a new stake in Rambus in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insider Transactions at Rambus

In related news, CFO Desmond Lynch sold 7,837 shares of Rambus stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $62.18, for a total value of $487,304.66. Following the completion of the transaction, the chief financial officer now owns 41,958 shares in the company, valued at $2,608,948.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP John Shinn sold 3,928 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $64.93, for a total value of $255,045.04. Following the sale, the senior vice president now directly owns 28,448 shares in the company, valued at $1,847,128.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Desmond Lynch sold 7,837 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $62.18, for a total value of $487,304.66. Following the transaction, the chief financial officer now directly owns 41,958 shares of the company’s stock, valued at $2,608,948.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,084 shares of company stock valued at $7,408,298. 1.00% of the stock is currently owned by corporate insiders.

Rambus Stock Performance

Rambus stock opened at $56.34 on Wednesday. The firm has a 50 day moving average price of $59.86 and a 200 day moving average price of $62.48. Rambus Inc. has a fifty-two week low of $46.89 and a fifty-two week high of $76.38. The company has a market capitalization of $6.07 billion, a PE ratio of 17.23 and a beta of 1.18.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Rambus had a net margin of 78.14% and a return on equity of 16.99%. The firm had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $132.00 million. During the same quarter in the prior year, the firm posted $0.35 EPS. Rambus’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that Rambus Inc. will post 1.63 earnings per share for the current year.

Analyst Ratings Changes

RMBS has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Rambus in a report on Wednesday, March 13th. Wells Fargo & Company increased their price target on Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.75.

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.