Fox Run Management L.L.C. Has $761,000 Holdings in Rambus Inc. (NASDAQ:RMBS)

Fox Run Management L.L.C. trimmed its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 41.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,392 shares of the semiconductor company's stock after selling 10,100 shares during the period. Fox Run Management L.L.C.'s holdings in Rambus were worth $761,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Rambus by 554.9% during the 4th 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 period. Skandinaviska Enskilda Banken AB publ lifted its position in 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 lifted its position in Rambus by 40.3% during 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. Farther Finance Advisors LLC grew its position in shares of 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 during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock valued at $80,000 after buying an additional 166 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

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Insider Buying and Selling

In other Rambus news, 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 sale, the director now directly owns 42,000 shares in the company, valued at approximately $2,803,080. The trade was a 9.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00. Following the transaction, the chief executive officer now owns 316,931 shares of the company's stock, valued at approximately $17,047,718.49. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,952 shares of company stock valued at $4,992,255. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RMBS shares. Wells Fargo & Company increased their price objective on Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Evercore ISI started coverage on shares of Rambus in a research report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price target on the stock. Susquehanna upped their price objective 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. StockNews.com cut shares of Rambus from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Robert W. Baird set a $90.00 price target on Rambus in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.71.

Rambus Price Performance

Shares of NASDAQ:RMBS traded down $1.74 during midday trading on Friday, reaching $53.70. The company's stock had a trading volume of 975,843 shares, compared to its average volume of 1,299,832. The business's fifty day simple moving average is $59.37 and its 200-day simple moving average is $53.33. The company has a market capitalization of $5.77 billion, a P/E ratio of 32.35 and a beta of 1.25. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week 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.