Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 927.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 709 shares of the semiconductor company’s stock after acquiring an additional 640 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Rambus were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RMBS. State of New Jersey Common Pension Fund D lifted its holdings in shares of Rambus by 18.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 44,207 shares of the semiconductor company’s stock valued at $1,866,000 after acquiring an additional 6,877 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Rambus during the 3rd quarter valued at $227,000. Empowered Funds LLC acquired a new position in shares of Rambus during the 3rd quarter valued at $275,000. Natixis Advisors LLC lifted its holdings in shares of Rambus by 32.4% during the 3rd quarter. Natixis Advisors LLC now owns 295,307 shares of the semiconductor company’s stock valued at $12,468,000 after acquiring an additional 72,280 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Rambus by 33.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 148,120 shares of the semiconductor company’s stock valued at $6,254,000 after acquiring an additional 37,018 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

RMBS opened at $54.33 on Wednesday. The company has a 50-day moving average of $59.56 and a 200-day moving average of $52.59. The company has a market capitalization of $5.84 billion, a P/E ratio of 32.73 and a beta of 1.25. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15.

Insider Transactions at Rambus

In related news, 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 transaction of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. This represents a 9.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total transaction 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 approximately $6,383,064.82. This represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RMBS shares. Susquehanna boosted their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a report on Monday, February 3rd. 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 report on Tuesday, February 4th. Evercore ISI started coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective on the stock. Finally, StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, 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.