Rambus Inc. (NASDAQ:RMBS) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 306,072 shares of the semiconductor company's stock after selling 37,032 shares during the quarter. Sei Investments Co. owned 0.29% of Rambus worth $16,179,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RMBS. UMB Bank n.a. increased 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 valued at $28,000 after acquiring an additional 455 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 640 shares during the last quarter. Quarry LP grew its stake in Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 period. Finally, Lindbrook Capital LLC raised its stake 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 during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

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Insider Buying and Selling

In related 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total transaction of $586,400.00. Following the completion of the sale, the chief executive officer now directly owns 306,931 shares of the company's stock, valued at approximately $17,998,433.84. The trade was a 3.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,952 shares of company stock valued at $4,992,255. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RMBS shares. Evercore ISI started coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Susquehanna raised their target price on shares of Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Rambus from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Rosenblatt Securities lifted their price objective on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.71.

Rambus Trading Up 0.7 %

Shares of Rambus stock traded up $0.39 during trading hours on Wednesday, reaching $52.68. The stock had a trading volume of 972,717 shares, compared to its average volume of 1,296,205. The stock's 50 day moving average is $58.71 and its 200 day moving average is $53.67. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The firm has a market capitalization of $5.66 billion, a PE ratio of 31.73 and a beta of 1.25.

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.