Thrivent Financial for Lutherans Has $1.33 Million Stake in Rambus Inc. (NASDAQ:RMBS)

Thrivent Financial for Lutherans cut its stake in Rambus Inc. (NASDAQ:RMBS) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,076 shares of the semiconductor company’s stock after selling 222 shares during the period. Thrivent Financial for Lutherans’ holdings in Rambus were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in RMBS. UMB Bank n.a. boosted its position in 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 acquiring an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 640 shares during the last quarter. Quarry LP grew its position in Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares in the last quarter. Farther Finance Advisors LLC grew its position in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 891 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock worth $80,000 after buying an additional 166 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00. Following the sale, the chief executive officer now directly owns 316,931 shares of the company’s stock, valued at approximately $17,047,718.49. This represents a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of the business’s 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 of the company’s stock, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,952 shares of company stock worth $4,992,255 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Rambus Trading Down 3.6 %

Shares of NASDAQ RMBS opened at $51.78 on Tuesday. The firm has a market cap of $5.56 billion, a P/E ratio of 31.19 and a beta of 1.25. The business’s 50 day moving average is $59.16 and its 200-day moving average is $53.60. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RMBS shares. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Robert W. Baird set a $90.00 price target on shares of Rambus in a research report on Monday, February 3rd. Evercore ISI assumed coverage on shares of Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target for the company. Rosenblatt Securities boosted their price objective on shares of Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Susquehanna lifted their price target on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Rambus currently has a consensus rating of “Buy” and a consensus target price of $76.71.

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.