Rambus Inc. (NASDAQ:RMBS) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,124,441 shares of the semiconductor company's stock after selling 69,421 shares during the quarter. Voya Investment Management LLC owned about 1.06% of Rambus worth $59,438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in 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 buying an additional 455 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake 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. Farther Finance Advisors LLC raised its holdings in 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 purchasing an additional 891 shares during the last quarter. GeoWealth Management LLC acquired a new position in Rambus during the fourth quarter worth $68,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Rambus during the fourth quarter worth $73,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RMBS has been the topic of several recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $80.00 price objective on shares of Rambus in a research report on Tuesday. Robert W. Baird set a $90.00 price target on shares of Rambus in a report on Monday, February 3rd. Wells Fargo & Company raised 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 increased their target price on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Rambus from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Rambus has a consensus rating of "Buy" and a consensus target price of $75.00.

Insider Activity at Rambus

In other Rambus news, Director Necip Sayiner sold 4,625 shares of the 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 transaction, the director now directly owns 42,000 shares in the company, valued at $2,803,080. This represents a 9.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Xianzhi Sean Fan sold 52,327 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,300 shares of company stock valued at $6,745,221. Insiders own 1.00% of the company's stock.

Rambus Price Performance

Rambus stock traded down $2.95 during midday trading on Tuesday, hitting $49.27. 2,417,992 shares of the stock were exchanged, compared to its average volume of 1,306,616. The company has a 50 day moving average price of $52.00 and a two-hundred day moving average price of $54.56. The firm has a market cap of $5.29 billion, a P/E ratio of 29.68 and a beta of 1.20. Rambus Inc. has a 1 year low of $37.43 and a 1 year high of $69.15.

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.