Natixis Advisors LLC Decreases Stake in Rambus Inc. (NASDAQ:RMBS)

Natixis Advisors LLC reduced its position in Rambus Inc. (NASDAQ:RMBS) by 46.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 158,683 shares of the semiconductor company’s stock after selling 136,624 shares during the period. Natixis Advisors LLC’s holdings in Rambus were worth $8,388,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ raised its position in Rambus by 927.5% during the fourth 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 period. Swiss National Bank raised its position in Rambus by 0.6% during the fourth quarter. Swiss National Bank now owns 211,800 shares of the semiconductor company’s stock valued at $11,196,000 after purchasing an additional 1,300 shares during the period. Truvestments Capital LLC raised its position in Rambus by 26.1% during the fourth quarter. Truvestments Capital LLC now owns 19,829 shares of the semiconductor company’s stock valued at $1,048,000 after purchasing an additional 4,102 shares during the period. Farther Finance Advisors LLC raised its position in Rambus by 379.1% during 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, EverSource Wealth Advisors LLC raised its position in Rambus by 3,400.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,095 shares of the semiconductor company’s stock valued at $216,000 after purchasing an additional 3,978 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Stock Down 0.2 %

Shares of NASDAQ:RMBS opened at $56.82 on Friday. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The stock has a market cap of $6.11 billion, a P/E ratio of 34.23 and a beta of 1.25. The business’s 50 day moving average is $59.55 and its 200 day moving average is $52.65.

Wall Street Analyst Weigh In

RMBS has been the topic of a number of recent research reports. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Robert W. Baird set a $90.00 price objective on Rambus in a research report on Monday, February 3rd. Rosenblatt Securities increased 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. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Evercore ISI started coverage on Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $76.71.

Insider Buying and Selling

In related news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the transaction, the chief executive officer now owns 316,931 shares of the company’s stock, valued at $17,047,718.49. This represents a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction 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 in the company, valued at $6,383,064.82. This trade represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,952 shares of company stock valued at $4,405,855 over the last quarter. 1.00% of the stock is owned by corporate 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.