Handelsbanken Fonder AB Decreases Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Handelsbanken Fonder AB lowered its position in shares of Rambus Inc. (NASDAQ:RMBS) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,197 shares of the semiconductor company’s stock after selling 200 shares during the period. Handelsbanken Fonder AB’s holdings in Rambus were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after buying an additional 455 shares during the last quarter. Quarry LP increased its holdings in Rambus by 40.3% in 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. GAMMA Investing LLC increased its holdings in Rambus by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 514 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in Rambus in the 4th quarter valued at approximately $203,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Rambus by 448.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,968 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 3,245 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In other news, Director Necip Sayiner sold 4,625 shares of the stock in a transaction 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 owns 42,000 shares of the company’s stock, valued at $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the sale, the director now directly owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. The trade was a 15.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,360 shares of company stock valued at $4,182,809 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Rambus Trading Down 4.5 %

Shares of RMBS opened at $57.43 on Wednesday. The firm’s 50-day moving average is $59.71 and its two-hundred day moving average is $51.58. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $69.15. The firm has a market capitalization of $6.12 billion, a P/E ratio of 34.60 and a beta of 1.26.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Susquehanna lifted their target price on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 price target on shares of Rambus in a research report on Monday, February 3rd. StockNews.com raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Evercore ISI started coverage on shares of Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $76.71.

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.