Forum Financial Management LP Sells 1,001 Shares of Rambus Inc. (NASDAQ:RMBS)

Forum Financial Management LP cut its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,017 shares of the semiconductor company’s stock after selling 1,001 shares during the quarter. Forum Financial Management LP’s holdings in Rambus were worth $371,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RMBS. Lindbrook Capital LLC raised its stake in Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 166 shares during the period. Mariner LLC grew its holdings in Rambus by 1.4% during the 4th quarter. Mariner LLC now owns 12,473 shares of the semiconductor company’s stock valued at $659,000 after buying an additional 167 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in Rambus by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company’s stock valued at $2,400,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in shares of Rambus by 0.7% during the fourth quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock valued at $1,651,000 after buying an additional 202 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of Rambus by 2.8% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock worth $472,000 after acquiring an additional 246 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on RMBS shares. Evercore ISI began coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock. Rosenblatt Securities boosted their target price on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Susquehanna raised their price target on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a report on Friday. Finally, Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.71.

Insider Activity at Rambus

In related news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the transaction, the chief executive officer now directly owns 316,931 shares of the company’s stock, valued at approximately $17,047,718.49. The trade was a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,952 shares of company stock worth $6,447,055. Company insiders own 1.00% of the company’s stock.

Rambus Price Performance

NASDAQ:RMBS opened at $45.72 on Monday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 27.54 and a beta of 1.20. The business has a 50 day simple moving average of $53.99 and a 200-day simple moving average of $54.31. 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.