3,629 Shares in Rambus Inc. (NASDAQ:RMBS) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new stake in Rambus Inc. (NASDAQ:RMBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,629 shares of the semiconductor company’s stock, valued at approximately $192,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its position in shares of Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Rambus by 927.5% in the 4th 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 period. Quarry LP boosted its stake in Rambus by 40.3% in the 3rd 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 boosted its stake in Rambus by 379.1% in the 4th 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. Finally, Lindbrook Capital LLC boosted its position in shares of Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 166 shares during the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the transaction, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. The trade was a 3.06 % decrease in their position. The sale was disclosed in a document filed 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 that occurred on 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 sale, the chief operating officer now directly owns 93,841 shares of the company’s stock, valued at $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 sold 66,952 shares of company stock worth $4,405,855 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Rambus Stock Down 0.2 %

NASDAQ RMBS opened at $56.72 on Friday. The stock’s 50-day moving average price is $59.56 and its 200-day moving average price is $52.82. The company has a market capitalization of $6.09 billion, a P/E ratio of 34.17 and a beta of 1.25. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15.

Wall Street Analyst Weigh In

RMBS has been the topic of a number of research reports. Robert W. Baird set a $90.00 price objective on Rambus in a report on Monday, February 3rd. Susquehanna boosted their target price on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Baird R W raised Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities lifted their price target on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.