Blue Trust Inc. Sells 2,609 Shares of Rambus Inc. (NASDAQ:RMBS)

Blue Trust Inc. lessened its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 64.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,452 shares of the semiconductor company’s stock after selling 2,609 shares during the period. Blue Trust Inc.’s holdings in Rambus were worth $77,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RMBS. SG Americas Securities LLC grew its holdings in shares of Rambus by 1,657.4% during the fourth quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock worth $29,188,000 after purchasing an additional 520,754 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Rambus during the third quarter worth $18,984,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Rambus by 32.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock worth $61,765,000 after purchasing an additional 357,160 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Rambus by 65.3% during the third quarter. Westfield Capital Management Co. LP now owns 902,236 shares of the semiconductor company’s stock worth $38,092,000 after purchasing an additional 356,496 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Rambus by 172.3% during the third quarter. Two Sigma Advisers LP now owns 562,900 shares of the semiconductor company’s stock worth $23,766,000 after purchasing an additional 356,200 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Insider Buying and Selling at Rambus

In other Rambus news, 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 value of $3,559,282.54. Following the transaction, the chief operating officer now owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. This represents a 35.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 4,625 shares of the 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 in the company, valued at $2,803,080. The trade was a 9.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,360 shares of company stock valued at $4,182,809. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RMBS shares. Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. StockNews.com raised Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Robert W. Baird set a $90.00 price target on Rambus in a research note on Monday, February 3rd. Loop Capital initiated coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Susquehanna upped 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. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $76.71.

Rambus Trading Down 3.4 %

NASDAQ:RMBS opened at $62.73 on Monday. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $69.15. The business’s 50-day moving average price is $59.69 and its two-hundred day moving average price is $51.46. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 37.79 and a beta of 1.26.

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.