Vaughan Nelson Investment Management L.P. Lowers Holdings in Rambus Inc. (NASDAQ:RMBS)

Vaughan Nelson Investment Management L.P. decreased its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 735,788 shares of the semiconductor company's stock after selling 727,144 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.69% of Rambus worth $38,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 455 shares during the last quarter. Quarry LP grew its holdings in 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 during the period. GAMMA Investing LLC increased its position in Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company's stock worth $111,000 after buying an additional 1,769 shares during the last quarter. Moody National Bank Trust Division bought a new stake in Rambus in the fourth quarter valued at approximately $203,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rambus by 448.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,968 shares of the semiconductor company's stock valued at $215,000 after buying an additional 3,245 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Rambus Trading Down 2.5 %

Shares of Rambus stock traded down $1.65 on Wednesday, hitting $63.07. 1,036,179 shares of the company traded hands, compared to its average volume of 1,025,310. The company has a market cap of $6.72 billion, a P/E ratio of 37.99 and a beta of 1.26. The firm's 50-day simple moving average is $58.73 and its 200 day simple moving average is $50.42. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $69.15.

Analysts Set New Price Targets

Several research firms recently weighed in on RMBS. Rosenblatt Securities lifted their price target on Rambus from $85.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Robert W. Baird assumed coverage on Rambus in a report on Monday, November 25th. They set an "outperform" rating and a $90.00 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. Loop Capital assumed coverage on shares of Rambus in a research note on Monday, November 11th. They issued a "buy" rating and a $70.00 price objective for the company. Finally, StockNews.com upgraded shares of Rambus from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $77.29.

Insider Activity at Rambus

In other news, Director Meera Rao sold 5,408 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the transaction, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. This trade represents a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

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.