Headlands Technologies LLC Decreases Stake in Rambus Inc. (NASDAQ:RMBS)

Headlands Technologies LLC reduced its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 44.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,316 shares of the semiconductor company's stock after selling 22,236 shares during the period. Headlands Technologies LLC's holdings in Rambus were worth $1,444,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake 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 valued at $28,000 after acquiring an additional 455 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Rambus by 927.5% during 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 in the last quarter. Quarry LP grew its holdings 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 purchasing an additional 264 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Rambus by 379.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after buying an additional 891 shares during the period. Finally, Lindbrook Capital LLC grew 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 worth $80,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Robert W. Baird set a $90.00 price target on Rambus in a research report on Monday, February 3rd. Rosenblatt Securities lifted their price target on shares of 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 shares of Rambus from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wells Fargo & Company raised their price objective on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Finally, Susquehanna boosted their target price on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $76.71.

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 transaction, the chief executive officer now directly owns 316,931 shares in the company, valued at approximately $17,047,718.49. This trade represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Necip Sayiner sold 4,625 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total transaction of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares of the company's stock, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,952 shares of company stock valued at $5,501,055. 1.00% of the stock is currently owned by insiders.

Rambus Trading Down 6.5 %

Shares of NASDAQ RMBS traded down $3.02 during mid-day trading on Friday, reaching $43.13. The company had a trading volume of 1,796,421 shares, compared to its average volume of 1,302,094. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The stock has a market cap of $4.63 billion, a P/E ratio of 25.98 and a beta of 1.20. The firm has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $53.74.

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.