Vident Advisory LLC Has $3.90 Million Holdings in Rambus Inc. (NASDAQ:RMBS)

Vident Advisory LLC lifted its holdings in Rambus Inc. (NASDAQ:RMBS) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,714 shares of the semiconductor company’s stock after purchasing an additional 7,686 shares during the quarter. Vident Advisory LLC’s holdings in Rambus were worth $3,897,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 455 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Rambus by 927.5% in the fourth 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 in the last quarter. Farther Finance Advisors LLC grew its position in Rambus by 379.1% in the fourth 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 in the last quarter. Quarry LP grew its position in Rambus by 26.9% in the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 247 shares in the last quarter. Finally, GeoWealth Management LLC bought a new position in Rambus in the fourth quarter valued at $68,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In other Rambus news, CEO Luc Seraphin sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total transaction of $586,400.00. Following the completion of the sale, the chief executive officer now owns 306,931 shares of the company’s stock, valued at $17,998,433.84. This trade represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Laub sold 3,653 shares of the firm’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $55.56, for a total value of $202,960.68. Following the sale, the director now directly owns 10,904 shares of the company’s stock, valued at $605,826.24. This represents a 25.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,001 shares of company stock valued at $3,080,226 in the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $90.00 target price on shares of Rambus in a research report on Monday, February 3rd. Susquehanna increased their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company increased their price objective on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Evercore ISI started coverage on Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Rambus presently has a consensus rating of “Buy” and an average target price of $75.00.

Rambus Price Performance

Shares of Rambus stock opened at $55.65 on Wednesday. The business has a fifty day simple moving average of $51.13 and a two-hundred day simple moving average of $55.42. Rambus Inc. has a 1 year low of $37.43 and a 1 year high of $69.15. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 33.52 and a beta of 1.24.

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.