4,233 Shares in Rambus Inc. (NASDAQ:RMBS) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in Rambus Inc. (NASDAQ:RMBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,233 shares of the semiconductor company’s stock, valued at approximately $224,000.

Several other large investors have also added to or reduced their stakes in RMBS. Oppenheimer Asset Management Inc. purchased a new position in Rambus during the third quarter valued at approximately $227,000. Empowered Funds LLC purchased a new position in Rambus during the third quarter valued at approximately $275,000. Natixis Advisors LLC lifted its holdings in Rambus by 32.4% during the third quarter. Natixis Advisors LLC now owns 295,307 shares of the semiconductor company’s stock valued at $12,468,000 after purchasing an additional 72,280 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Rambus during the third quarter valued at approximately $1,779,000. Finally, Intech Investment Management LLC purchased a new position in Rambus during the third quarter valued at approximately $3,849,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Trading Down 0.2 %

RMBS opened at $56.82 on Friday. The firm has a market cap of $6.11 billion, a P/E ratio of 34.23 and a beta of 1.25. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15. The stock has a 50-day moving average of $59.55 and a 200 day moving average of $52.65.

Analysts Set New Price Targets

Several equities analysts have weighed in on RMBS shares. Susquehanna lifted their price target on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Evercore ISI began coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 target price on the stock. Rosenblatt Securities increased their price objective on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on Rambus in a research report on Monday, February 3rd. Finally, StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Rambus has an average rating of “Buy” and a consensus price target of $76.71.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 42,000 shares in the company, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the sale, the chief executive officer now directly owns 316,931 shares of the company’s stock, valued at approximately $17,047,718.49. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,952 shares of company stock worth $4,405,855. Corporate insiders own 1.00% of the company’s stock.

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.