Rambus, Inc. $RMBS Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in Rambus, Inc. (NASDAQ:RMBS) by 1,216.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,116 shares of the semiconductor company’s stock after buying an additional 63,864 shares during the quarter. Nordea Investment Management AB’s holdings in Rambus were worth $4,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in Rambus during the 1st quarter valued at about $25,000. Tsfg LLC acquired a new position in Rambus in the 1st quarter valued at about $26,000. McIlrath & Eck LLC acquired a new position in Rambus in the 1st quarter valued at about $42,000. Larson Financial Group LLC grew its position in Rambus by 1,260.3% in the 1st quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 794 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Rambus by 19,360.0% in the 1st quarter. Brooklyn Investment Group now owns 973 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings downgraded Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their target price on Rambus from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Arete Research raised Rambus to a “strong-buy” rating in a research note on Thursday, August 28th. Evercore ISI boosted their target price on Rambus from $81.00 to $114.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Finally, Wall Street Zen cut Rambus from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $96.63.

Insiders Place Their Bets

In other news, Director Meera Rao sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $71.72, for a total transaction of $215,160.00. Following the completion of the transaction, the director directly owned 29,914 shares of the company’s stock, valued at approximately $2,145,432.08. This represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Emiko Higashi sold 1,111 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $83,325.00. Following the transaction, the director directly owned 63,371 shares of the company’s stock, valued at approximately $4,752,825. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,913 shares of company stock valued at $2,474,452. 1.00% of the stock is owned by insiders.

Rambus Price Performance

RMBS opened at $97.51 on Wednesday. Rambus, Inc. has a 12 month low of $40.12 and a 12 month high of $109.15. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 46.00 and a beta of 1.46. The business has a fifty day moving average price of $88.55 and a 200 day moving average price of $68.94.

Rambus 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.