Swiss National Bank Increases Stake in Rambus Inc. (NASDAQ:RMBS)

Swiss National Bank grew its position in Rambus Inc. (NASDAQ:RMBS) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,800 shares of the semiconductor company’s stock after acquiring an additional 1,300 shares during the quarter. Swiss National Bank owned about 0.20% of Rambus worth $11,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RMBS. UMB Bank n.a. raised its stake in shares of Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 455 shares during the period. Quarry LP raised its stake in shares of 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 acquiring an additional 264 shares during the period. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 891 shares during the period. Lindbrook Capital LLC increased its stake in Rambus by 12.3% in 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 during the period. Finally, GAMMA Investing LLC increased its stake in Rambus by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company’s stock worth $166,000 after buying an additional 514 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Analyst Upgrades and Downgrades

RMBS has been the topic of several recent analyst reports. Rosenblatt Securities raised their price target 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. StockNews.com downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Baird R W raised shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. 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 on the stock. Finally, Susquehanna raised their target price on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $76.71.

Rambus Stock Performance

NASDAQ:RMBS opened at $56.82 on Friday. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The stock has a market capitalization of $6.11 billion, a P/E ratio of 34.23 and a beta of 1.25. The company’s 50-day simple moving average is $59.55 and its 200-day simple moving average is $52.65.

Insider Activity

In other news, COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the sale, the chief operating officer now directly owns 93,841 shares in the company, valued at approximately $6,383,064.82. This trade represents a 35.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 owns 316,931 shares in the company, valued at $17,047,718.49. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,952 shares of company stock worth $4,405,855. Corporate insiders own 1.00% of the company’s stock.

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.