Rambus Inc. (NASDAQ:RMBS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,683 shares of the semiconductor company's stock after selling 136,624 shares during the period. Natixis Advisors LLC owned 0.15% of Rambus worth $8,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Rambus by 554.9% in 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 last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Rambus by 927.5% in the fourth 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 increased its position in shares of Rambus by 40.3% during the third 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 lifted its holdings in shares of 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 shares of Rambus by 12.3% in the 4th 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. Institutional investors own 88.54% of the company's stock.

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Rambus Stock Up 0.1 %

Shares of NASDAQ:RMBS traded up $0.07 during midday trading on Tuesday, reaching $58.94. The company's stock had a trading volume of 695,774 shares, compared to its average volume of 1,266,742. The firm has a market capitalization of $6.33 billion, a PE ratio of 35.51 and a beta of 1.25. The stock has a fifty day moving average of $59.62 and a 200 day moving average of $53.04. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15.

Insiders Place Their Bets

In other news, CEO Luc Seraphin sold 10,000 shares of the firm's stock in a transaction that occurred 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 $17,047,718.49. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total transaction 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 approximately $6,383,064.82. This represents a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,952 shares of company stock valued at $4,405,855. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

RMBS has been the subject of a number of research analyst reports. Rosenblatt Securities increased their price target on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. 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 target price for the company. Wells Fargo & Company upped their price target on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research note on Monday, February 3rd. Finally, Susquehanna upped their target price on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $76.71.

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.