Securian Asset Management Inc. Sells 317 Shares of Rambus Inc. (NASDAQ:RMBS)

Securian Asset Management Inc. decreased its position in Rambus Inc. (NASDAQ:RMBS) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,056 shares of the semiconductor company’s stock after selling 317 shares during the quarter. Securian Asset Management Inc.’s holdings in Rambus were worth $426,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after buying an additional 455 shares during the period. Quarry LP grew its holdings in Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC grew its holdings in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 891 shares during the period. Lindbrook Capital LLC increased its stake in shares of Rambus by 12.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 166 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Rambus by 19.6% during the fourth 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 last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

RMBS opened at $54.51 on Tuesday. The company’s 50-day simple moving average is $59.60 and its two-hundred day simple moving average is $52.52. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The stock has a market capitalization of $5.86 billion, a P/E ratio of 32.84 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RMBS. Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Evercore ISI began coverage on Rambus in a report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target for the company. Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research report on Monday, February 3rd. Finally, Susquehanna raised their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $76.71.

Insider Activity at Rambus

In other Rambus news, Director Necip Sayiner sold 4,625 shares of the 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 transaction, the director now owns 42,000 shares of the company’s stock, valued at approximately $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by 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.