Rambus Inc. (NASDAQ:RMBS) Stock Holdings Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its holdings in Rambus Inc. (NASDAQ:RMBS) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,197 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rambus were worth $1,702,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RMBS. Creative Planning lifted its position in Rambus by 40.7% in the 3rd quarter. Creative Planning now owns 37,267 shares of the semiconductor company’s stock valued at $1,573,000 after purchasing an additional 10,772 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Rambus by 123.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,003 shares of the semiconductor company’s stock valued at $1,520,000 after purchasing an additional 19,903 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Rambus by 58.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,056 shares of the semiconductor company’s stock valued at $425,000 after purchasing an additional 3,724 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Rambus by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,510 shares of the semiconductor company’s stock valued at $528,000 after purchasing an additional 845 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in Rambus by 6.9% in the 3rd quarter. New York State Teachers Retirement System now owns 80,250 shares of the semiconductor company’s stock valued at $3,388,000 after purchasing an additional 5,169 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors.

Rambus Stock Performance

RMBS opened at $57.43 on Wednesday. The company has a fifty day moving average price of $59.71 and a two-hundred day moving average price of $51.58. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $69.15. The firm has a market capitalization of $6.12 billion, a PE ratio of 34.60 and a beta of 1.26.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Baird R W raised shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. Rosenblatt Securities lifted their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Susquehanna increased their target price on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $76.71.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the transaction, the director now directly owns 29,090 shares in the company, valued at $1,693,619.80. This represents a 15.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 62,360 shares of company stock valued at $4,182,809 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.