Yousif Capital Management LLC Sells 2,146 Shares of Rambus Inc. (NASDAQ:RMBS)

Yousif Capital Management LLC lowered its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,454 shares of the semiconductor company’s stock after selling 2,146 shares during the quarter. Yousif Capital Management LLC’s holdings in Rambus were worth $1,980,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RMBS. UMB Bank n.a. grew its holdings in Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after buying an additional 455 shares in the last quarter. Quarry LP grew its stake 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 period. GAMMA Investing LLC grew its stake 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 period. Blue Trust Inc. grew its stake in Rambus by 255.9% in the 3rd quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 2,920 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Rambus by 58.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 1,582 shares during the period. Institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

RMBS has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Susquehanna upped their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Evercore ISI initiated coverage on Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective for the company. StockNews.com upgraded Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities upped their price objective on Rambus from $85.00 to $92.00 and gave the company a “buy” 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $77.29.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $64.72 on Wednesday. The business’s fifty day moving average price is $58.61 and its 200-day moving average price is $50.38. The stock has a market capitalization of $6.90 billion, a PE ratio of 38.99 and a beta of 1.26. Rambus Inc. has a one year low of $37.42 and a one year high of $69.15.

Insider Buying and Selling

In related news, Director Meera Rao sold 5,408 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the sale, the director now owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This represents a 15.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

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.