Optiver Holding B.V. Sells 229 Shares of Rambus Inc. (NASDAQ:RMBS)

Optiver Holding B.V. lessened its position in Rambus Inc. (NASDAQ:RMBS) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 776 shares of the semiconductor company’s stock after selling 229 shares during the period. Optiver Holding B.V.’s holdings in Rambus were worth $41,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Rambus by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,594,979 shares of the semiconductor company’s stock worth $665,771,000 after purchasing an additional 31,645 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Rambus by 442.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company’s stock worth $288,042,000 after acquiring an additional 4,445,146 shares during the period. Invesco Ltd. increased its holdings in shares of Rambus by 72.1% during the 4th quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company’s stock worth $264,287,000 after acquiring an additional 2,093,953 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Rambus by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 4,184,370 shares of the semiconductor company’s stock valued at $221,186,000 after acquiring an additional 68,975 shares during the period. Finally, Norges Bank acquired a new stake in Rambus during the 4th quarter valued at $94,368,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RMBS shares. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Rambus in a research report on Tuesday. StockNews.com cut shares of Rambus from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company boosted their price objective on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on Rambus in a research note on Monday, February 3rd. Finally, Susquehanna boosted their price target on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $75.00.

Insider Activity

In other news, CEO Luc Seraphin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $53.79, for a total value of $537,900.00. Following the sale, the chief executive officer now directly owns 316,931 shares in the company, valued at approximately $17,047,718.49. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the firm’s 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 completion of the sale, the chief operating officer now owns 93,841 shares in the company, valued at $6,383,064.82. This represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,300 shares of company stock worth $6,745,221. Insiders own 1.00% of the company’s stock.

Rambus Stock Down 5.6 %

RMBS opened at $49.27 on Wednesday. The company has a 50-day simple moving average of $51.68 and a 200 day simple moving average of $54.52. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 29.68 and a beta of 1.20. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15.

About Rambus

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.