Mitsubishi UFJ Trust & Banking Corp Takes $431,000 Position in Rambus Inc. (NASDAQ:RMBS)

Mitsubishi UFJ Trust & Banking Corp bought a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,159 shares of the semiconductor company's stock, valued at approximately $431,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in shares of Rambus by 12.3% in 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 in the last quarter. Hillsdale Investment Management Inc. increased its stake in Rambus by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company's stock valued at $2,400,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Rambus by 0.7% during the 4th quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company's stock worth $1,651,000 after buying an additional 202 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Rambus by 2.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company's stock valued at $472,000 after acquiring an additional 246 shares in the last quarter. Finally, Quarry LP increased its position in shares of Rambus by 40.3% in the third 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 last quarter. Institutional investors own 88.54% of the company's stock.

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Rambus Stock Up 3.8 %

Shares of RMBS traded up $1.63 during trading hours on Monday, hitting $44.76. The company had a trading volume of 1,768,194 shares, compared to its average volume of 1,303,951. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 26.96 and a beta of 1.20. The business has a fifty day moving average of $57.70 and a 200-day moving average of $53.89. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15.

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $50.88, for a total value of $508,800.00. Following the transaction, the chief executive officer now owns 346,844 shares of the company's stock, valued at approximately $17,647,422.72. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 93,841 shares of the company's stock, valued at approximately $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 a total of 86,952 shares of company stock valued at $5,501,055 in the last three months. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on RMBS. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price target for the company. Susquehanna raised their target price on shares of Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research note on Tuesday, February 4th. Rosenblatt Securities upped their price target on shares of Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. One research 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 company. According to MarketBeat, Rambus presently has a consensus rating of "Buy" and a consensus price target 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.