Rambus Inc. (NASDAQ:RMBS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 57.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,221 shares of the semiconductor company's stock after selling 77,679 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.05% of Rambus worth $3,025,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake 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 worth $28,000 after purchasing an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Rambus by 927.5% during 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. Farther Finance Advisors LLC boosted its holdings in shares of Rambus by 379.1% during 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 last quarter. Quarry LP boosted its holdings in shares of Rambus by 26.9% during the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 247 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of Rambus in the fourth quarter valued at $68,000. 88.54% of the stock is owned by institutional investors and hedge funds.

Rambus Stock Down 0.5%

Shares of Rambus stock traded down $0.28 during trading hours on Wednesday, hitting $55.37. The company's stock had a trading volume of 63,433 shares, compared to its average volume of 1,287,657. The business has a fifty day moving average of $51.13 and a 200 day moving average of $55.42. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The company has a market capitalization of $5.95 billion, a PE ratio of 33.35 and a beta of 1.24.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore ISI began coverage on Rambus in a research note on Tuesday, February 4th. They issued an "outperform" rating and a $71.00 price target on the stock. Robert W. Baird set a $90.00 price objective on shares of Rambus in a report on Monday, February 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 price target on shares of Rambus in a research report on Tuesday, April 29th. StockNews.com downgraded shares of Rambus from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $75.00.

Insider Activity at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $58.64, for a total transaction of $586,400.00. Following the sale, the chief executive officer now owns 306,931 shares in the company, valued at $17,998,433.84. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Laub sold 3,653 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $55.56, for a total transaction of $202,960.68. Following the transaction, the director now directly owns 10,904 shares in the company, valued at approximately $605,826.24. The trade was a 25.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,001 shares of company stock worth $3,080,226. 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.