Emerald Advisers LLC Sells 17,585 Shares of Rambus Inc. (NASDAQ:RMBS)

Emerald Advisers LLC trimmed its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 543,829 shares of the semiconductor company's stock after selling 17,585 shares during the period. Emerald Advisers LLC owned approximately 0.51% of Rambus worth $28,747,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock valued at $28,000 after buying an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 640 shares during the last quarter. Quarry LP boosted its stake in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 264 shares in the last quarter. Farther Finance Advisors LLC grew its position in Rambus by 379.1% during 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 last quarter. Finally, Lindbrook Capital LLC increased its stake in Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 166 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

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Rambus Trading Down 2.1 %

RMBS stock traded down $1.20 during trading on Thursday, reaching $55.44. The stock had a trading volume of 506,249 shares, compared to its average volume of 1,259,196. The firm has a market cap of $5.96 billion, a PE ratio of 33.40 and a beta of 1.25. The stock's 50 day moving average is $59.53 and its two-hundred day moving average is $53.22. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15.

Insider Activity at Rambus

In related news, COO Xianzhi Sean Fan sold 52,327 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, the chief operating officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the transaction, the director now owns 42,000 shares in the company, valued at $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,952 shares of company stock worth $4,992,255. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Evercore ISI initiated coverage on shares of Rambus in a report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price target on the stock. Robert W. Baird set a $90.00 target price on Rambus in a research note on Monday, February 3rd. Rosenblatt Securities boosted their price target on Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. StockNews.com cut Rambus from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company boosted their target price on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $76.71.

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.