Fox Run Management L.L.C. Sells 10,100 Shares of Rambus Inc. (NASDAQ:RMBS)

Fox Run Management L.L.C. decreased its position in Rambus Inc. (NASDAQ:RMBS) by 41.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,392 shares of the semiconductor company’s stock after selling 10,100 shares during the period. Fox Run Management L.L.C.’s holdings in Rambus were worth $761,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RMBS. UMB Bank n.a. grew its holdings in Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Rambus by 927.5% during 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 during the period. Quarry LP raised its position in Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Rambus by 379.1% in the 4th 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 during the period. Finally, Lindbrook Capital LLC grew its position in shares of Rambus by 12.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock worth $80,000 after buying an additional 166 shares during the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Stock Performance

Shares of RMBS opened at $56.72 on Monday. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The firm’s 50-day simple moving average is $59.56 and its two-hundred day simple moving average is $52.90. The stock has a market cap of $6.09 billion, a PE ratio of 34.17 and a beta of 1.25.

Insider Buying and Selling

In other Rambus news, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction dated Wednesday, February 19th. The shares were 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. The trade was a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $3,559,282.54. Following the sale, the chief operating officer now owns 93,841 shares in the company, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,952 shares of company stock worth $4,405,855 in the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company raised their target price on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Rosenblatt Securities lifted their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Evercore ISI began coverage on shares of Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target for the company. Finally, Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. One investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $76.71.

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.