SG Americas Securities LLC Has $25.40 Million Stake in Rambus Inc. (NASDAQ:RMBS)

SG Americas Securities LLC decreased its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 11.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 490,547 shares of the semiconductor company’s stock after selling 61,626 shares during the quarter. SG Americas Securities LLC’s holdings in Rambus were worth $25,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in Rambus in the 4th quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ grew its position in Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 640 shares during the period. Farther Finance Advisors LLC grew its position in Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 891 shares during the period. Quarry LP grew its position in Rambus by 26.9% in the 4th quarter. Quarry LP now owns 1,166 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 247 shares during the period. Finally, UMB Bank n.a. grew its position in Rambus by 129.6% in the 1st quarter. UMB Bank n.a. now owns 1,233 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 696 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research report on Monday, May 19th. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price target on shares of Rambus in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $75.00.

Insiders Place Their Bets

In other news, CEO Luc Seraphin sold 6,348 shares of Rambus stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total transaction of $298,165.56. Following the sale, the chief executive officer now directly owns 319,241 shares in the company, valued at $14,994,749.77. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Laub sold 3,653 shares of Rambus stock in a transaction on Monday, May 19th. The stock was sold at an average price of $55.56, for a total value of $202,960.68. Following the sale, the director now owns 10,904 shares in the company, valued at $605,826.24. The trade was a 25.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,848 shares of company stock valued at $3,182,033 in the last three months. 1.00% of the stock is currently owned by insiders.

Rambus Price Performance

RMBS opened at $59.70 on Wednesday. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 35.96 and a beta of 1.20. The firm’s fifty day moving average price is $51.14 and its two-hundred day moving average price is $55.58. Rambus Inc. has a 1 year low of $37.43 and a 1 year high of $69.15.

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.