Dimensional Fund Advisors LP Has $91.68 Million Position in Rambus Inc. (NASDAQ:RMBS)

Dimensional Fund Advisors LP lowered its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,734,188 shares of the semiconductor company's stock after selling 27,060 shares during the period. Dimensional Fund Advisors LP owned approximately 1.63% of Rambus worth $91,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in Rambus by 72.1% in the 4th quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company's stock worth $264,287,000 after acquiring an additional 2,093,953 shares in the last quarter. Norges Bank acquired a new position in shares of Rambus in the 4th quarter valued at about $94,368,000. Raymond James Financial Inc. purchased a new stake in shares of Rambus in the fourth quarter worth approximately $51,500,000. Congress Asset Management Co. acquired a new stake in shares of Rambus during the fourth quarter worth approximately $45,778,000. Finally, SG Americas Securities LLC grew its position in Rambus by 1,657.4% during the fourth quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company's stock valued at $29,188,000 after purchasing an additional 520,754 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Insider Activity

In other news, CEO Luc Seraphin sold 6,348 shares of Rambus stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total value of $298,165.56. Following the transaction, the chief executive officer now directly owns 319,241 shares in the company, valued at approximately $14,994,749.77. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 113,300 shares of company stock valued at $6,745,221 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RMBS shares. Wells Fargo & Company lifted their target price 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. StockNews.com cut Rambus from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Susquehanna upped their target price on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, February 4th. Evercore ISI initiated coverage on Rambus in a report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price target for the company. Finally, Robert W. Baird set a $90.00 price objective on Rambus in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rambus has an average rating of "Buy" and an average price target of $75.00.

Rambus Price Performance

Shares of RMBS stock traded up $2.41 during trading on Friday, reaching $51.29. The company had a trading volume of 1,026,490 shares, compared to its average volume of 1,293,357. The company has a market capitalization of $5.51 billion, a PE ratio of 30.90 and a beta of 1.20. The firm's 50 day simple moving average is $51.06 and its two-hundred day simple moving average is $54.56. Rambus Inc. has a one year low of $37.43 and a one year high of $69.15.

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.