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

Natixis Advisors LLC lowered its holdings in Rambus Inc. (NASDAQ:RMBS) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,683 shares of the semiconductor company’s stock after selling 136,624 shares during the quarter. Natixis Advisors LLC owned 0.15% of Rambus worth $8,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RMBS. UMB Bank n.a. raised its stake 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 worth $28,000 after purchasing an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 640 shares during the period. Quarry LP grew its holdings in shares of Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 264 shares during the period. Farther Finance Advisors LLC grew 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 worth $60,000 after acquiring an additional 891 shares during the period. Finally, Lindbrook Capital LLC grew its holdings 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 acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Down 0.2 %

NASDAQ RMBS opened at $56.82 on Friday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 34.23 and a beta of 1.25. The business has a 50-day moving average price of $59.55 and a 200-day moving average price of $52.65. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15.

Analyst Ratings Changes

Several brokerages recently commented on RMBS. StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Susquehanna lifted their price objective on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Baird R W raised Rambus to a “strong-buy” rating in a report on Monday, November 25th. Wells Fargo & Company boosted their price target on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Evercore ISI started coverage on Rambus in a report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target for the company. One research 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 company. Based on data from MarketBeat, Rambus presently has a consensus rating of “Buy” and an average price target of $76.71.

Insider Transactions at Rambus

In other news, COO Xianzhi Sean Fan sold 52,327 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the transaction, the chief operating officer now owns 93,841 shares of the company’s stock, valued at $6,383,064.82. This represents a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold a total of 66,952 shares of company stock valued at $4,405,855 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.