Emerald Advisers LLC Has $28.75 Million Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Emerald Advisers LLC cut its position in Rambus Inc. (NASDAQ:RMBS - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,829 shares of the semiconductor company's stock after selling 17,585 shares during the quarter. Emerald Advisers LLC owned about 0.51% of Rambus worth $28,747,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RMBS. UMB Bank n.a. raised its stake 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 buying an additional 455 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 640 shares during the last quarter. Quarry LP raised its stake in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 264 shares during the period. Farther Finance Advisors LLC lifted its holdings 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 boosted its position in Rambus by 12.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock worth $80,000 after purchasing an additional 166 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

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Rambus Stock Performance

Shares of NASDAQ RMBS traded up $0.07 during trading hours on Tuesday, hitting $58.94. 637,273 shares of the stock were exchanged, compared to its average volume of 1,266,742. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The company has a market cap of $6.33 billion, a PE ratio of 35.51 and a beta of 1.25. The company's fifty day simple moving average is $59.62 and its two-hundred day simple moving average is $53.04.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com downgraded shares of Rambus from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Evercore ISI began coverage on shares of Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price objective for the company. Robert W. Baird set a $90.00 target price on shares of Rambus in a research report on Monday, February 3rd. Susquehanna lifted their price target on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price target 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $76.71.

Insider Activity at Rambus

In other Rambus news, CEO Luc Seraphin sold 10,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00. Following the sale, the chief executive officer now owns 316,931 shares of the company's stock, valued at approximately $17,047,718.49. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the transaction, the chief operating officer now owns 93,841 shares of the company's stock, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,952 shares of company stock valued at $4,405,855 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

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.