Rambus Inc. (NASDAQ:RMBS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,957 shares of the semiconductor company's stock after selling 10,242 shares during the quarter. Teacher Retirement System of Texas' holdings in Rambus were worth $1,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. UMB Bank n.a. raised its holdings in shares of Rambus by 554.9% during the fourth 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 last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Rambus by 927.5% in 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 in the last quarter. Quarry LP boosted its stake in Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Rambus by 379.1% during the fourth 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 in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock valued at $80,000 after acquiring 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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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RMBS shares. Robert W. Baird set a $90.00 price target on Rambus in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price target 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. StockNews.com downgraded shares of Rambus from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Rosenblatt Securities raised their target price on Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.71.

Insider Activity at Rambus

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were 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. This represents a 35.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Luc Seraphin sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the sale, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,952 shares of company stock worth $4,992,255. Corporate insiders own 1.00% of the company's stock.

Rambus Stock Up 0.7 %

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

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.