DekaBank Deutsche Girozentrale Has $3.19 Million Position in Rambus Inc. (NASDAQ:RMBS)

DekaBank Deutsche Girozentrale grew its stake in shares of Rambus Inc. (NASDAQ:RMBS) by 1,326.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,673 shares of the semiconductor company’s stock after buying an additional 43,400 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Rambus were worth $3,186,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mesirow Institutional Investment Management Inc. raised its position in shares of Rambus by 40.9% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 240,656 shares of the semiconductor company’s stock valued at $13,426,000 after buying an additional 69,895 shares during the last quarter. Diversified Trust Co increased its stake in Rambus by 3.1% in the fourth quarter. Diversified Trust Co now owns 21,549 shares of the semiconductor company’s stock valued at $1,471,000 after acquiring an additional 643 shares during the period. WCM Investment Management LLC bought a new stake in Rambus in the third quarter valued at about $9,204,000. Blue Trust Inc. increased its stake in Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 224 shares during the period. Finally, Barclays PLC increased its stake in Rambus by 205.1% in the third quarter. Barclays PLC now owns 307,486 shares of the semiconductor company’s stock valued at $17,154,000 after acquiring an additional 206,720 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Insiders Place Their Bets

In other news, COO Xianzhi Sean Fan sold 2,004 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total transaction of $110,220.00. Following the sale, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at $6,667,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Xianzhi Sean Fan sold 2,004 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total transaction of $110,220.00. Following the sale, the chief operating officer now directly owns 121,229 shares of the company’s stock, valued at $6,667,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Luc Seraphin sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $62.17, for a total transaction of $932,550.00. Following the sale, the chief executive officer now directly owns 304,755 shares in the company, valued at $18,946,618.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,554 shares of company stock valued at $7,083,908. 1.00% of the stock is currently owned by insiders.

Rambus Trading Down 3.5 %

Shares of Rambus stock opened at $60.14 on Friday. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.05 and a beta of 1.16. Rambus Inc. has a 1-year low of $43.58 and a 1-year high of $76.38. The firm’s 50-day moving average price is $60.23 and its two-hundred day moving average price is $62.44.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. As a group, equities research analysts predict that Rambus Inc. will post 1.63 EPS for the current year.

Wall Street Analyst Weigh In

RMBS has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company upped their target price on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.20.

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.