Rambus Inc. (NASDAQ:RMBS) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 76.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,126 shares of the semiconductor company's stock after selling 26,771 shares during the quarter. Aigen Investment Management LP's holdings in Rambus were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UMB Bank n.a. lifted 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 worth $28,000 after buying an additional 455 shares during the last quarter. Quarry LP lifted its holdings in shares of Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Rambus by 19.6% during the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company's stock worth $166,000 after purchasing an additional 514 shares during the period. Moody National Bank Trust Division bought a new position in Rambus during the 4th quarter valued at about $203,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Rambus by 448.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,968 shares of the semiconductor company's stock worth $215,000 after purchasing an additional 3,245 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Rambus

In other news, Director Meera Rao sold 5,408 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.22, for a total value of $314,853.76. Following the sale, the director now directly owns 29,090 shares in the company, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, the chief operating officer now owns 93,841 shares of the company's stock, valued at approximately $6,383,064.82. This trade represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,360 shares of company stock valued at $4,182,809. 1.00% of the stock is currently owned by corporate insiders.

Rambus Stock Down 0.8 %

NASDAQ:RMBS traded down $0.43 during mid-day trading on Tuesday, reaching $51.55. The company's stock had a trading volume of 1,101,538 shares, compared to its average volume of 1,298,313. The stock has a fifty day moving average of $59.74 and a 200-day moving average of $52.24. Rambus Inc. has a 1 year low of $37.43 and a 1 year high of $69.15. The firm has a market capitalization of $5.51 billion, a PE ratio of 31.05 and a beta of 1.25.

Analyst Upgrades and Downgrades

RMBS has been the subject of several recent analyst reports. Loop Capital assumed coverage on Rambus in a research report on Monday, November 11th. They set a "buy" rating and a $70.00 target price for the company. Evercore ISI began coverage on Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 target price on the stock. Baird R W raised shares of Rambus to a "strong-buy" rating in a research note on Monday, November 25th. Susquehanna upped their price target on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a report on Tuesday, February 4th. Finally, Rosenblatt Securities lifted their price objective on shares of Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Rambus currently has a consensus rating of "Buy" and a consensus target price of $76.71.

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.