Russell Investments Group Ltd. Has $4.19 Million Holdings in Rambus Inc. (NASDAQ:RMBS)

Russell Investments Group Ltd. lowered its stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 42.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,173 shares of the semiconductor company's stock after selling 59,542 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Rambus worth $4,185,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Rambus by 1,657.4% during the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company's stock worth $29,188,000 after purchasing an additional 520,754 shares during the last quarter. World Investment Advisors LLC bought a new position in Rambus during the third quarter worth $989,000. Campbell Newman Asset Management Inc. raised its stake in Rambus by 72.2% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company's stock valued at $2,064,000 after purchasing an additional 16,376 shares during the last quarter. Atria Investments Inc bought a new stake in Rambus in the 4th quarter valued at $336,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Rambus by 28.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,909 shares of the semiconductor company's stock worth $682,000 after purchasing an additional 2,853 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors.

Rambus Trading Down 0.4 %

Shares of Rambus stock traded down $0.20 during trading on Friday, reaching $45.72. The stock had a trading volume of 739,112 shares, compared to its average volume of 1,306,914. The stock has a fifty day moving average price of $53.99 and a two-hundred day moving average price of $54.12. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 27.54 and a beta of 1.20.

Analysts Set New Price Targets

A number of research analysts recently commented on RMBS shares. StockNews.com upgraded Rambus from a "hold" rating to a "buy" rating in a research note on Friday. Robert W. Baird set a $90.00 price target on shares of Rambus in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Susquehanna upped their price target on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research report on Tuesday, February 4th. Finally, Evercore ISI assumed coverage on Rambus in a report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Rambus has an average rating of "Buy" and a consensus price target of $76.71.

Insider Transactions at Rambus

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 transaction of $308,672.50. Following the completion of the transaction, the director now directly owns 42,000 shares of the company's stock, valued at $2,803,080. The trade was a 9.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction dated 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 directly owns 93,841 shares in the company, 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 sold 106,952 shares of company stock valued at $6,447,055 in the last ninety days. 1.00% of the stock is currently 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.