Emerald Advisers LLC Trims Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Emerald Advisers LLC decreased its holdings in Rambus Inc. (NASDAQ:RMBS) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 543,829 shares of the semiconductor company’s stock after selling 17,585 shares during the period. Emerald Advisers LLC owned 0.51% of Rambus worth $28,747,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Rambus by 0.3% in 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 in the last quarter. LPL Financial LLC grew its stake in Rambus by 16.9% during the fourth quarter. LPL Financial LLC now owns 63,364 shares of the semiconductor company’s stock valued at $3,349,000 after acquiring an additional 9,183 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Rambus during the fourth quarter valued at approximately $1,179,000. Hillsdale Investment Management Inc. grew its stake in Rambus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company’s stock valued at $2,400,000 after acquiring an additional 200 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Rambus by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,176,352 shares of the semiconductor company’s stock valued at $62,182,000 after acquiring an additional 74,478 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Insider Transactions at Rambus

In other news, Director Necip Sayiner sold 4,625 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 42,000 shares in the company, valued at approximately $2,803,080. The trade was a 9.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction that occurred on 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 owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,952 shares of company stock worth $4,405,855. 1.00% of the stock is currently owned by insiders.

Rambus Stock Performance

Shares of RMBS opened at $56.72 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 34.17 and a beta of 1.25. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The firm has a 50 day moving average price of $59.56 and a 200-day moving average price of $52.82.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RMBS shares. Susquehanna boosted their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. StockNews.com cut shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Rosenblatt Securities boosted their price target on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on shares of Rambus in a research note on Monday, February 3rd. Finally, Baird R W raised shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $76.71.

Rambus 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.