Emerald Mutual Fund Advisers Trust Sells 64,959 Shares of Rambus Inc. (NASDAQ:RMBS)

Emerald Mutual Fund Advisers Trust reduced its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,958 shares of the semiconductor company's stock after selling 64,959 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.33% of Rambus worth $18,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RMBS. Lido Advisors LLC purchased a new stake in shares of Rambus in the fourth quarter worth approximately $265,000. Northern Trust Corp lifted its position in Rambus by 13.2% in the 4th quarter. Northern Trust Corp now owns 1,463,338 shares of the semiconductor company's stock worth $77,352,000 after buying an additional 170,884 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Rambus by 0.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 128,151 shares of the semiconductor company's stock valued at $6,774,000 after buying an additional 992 shares during the period. Quarry LP grew its holdings in shares of Rambus by 26.9% during the 4th quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 247 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Rambus by 6.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,609 shares of the semiconductor company's stock valued at $296,000 after acquiring an additional 324 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RMBS has been the topic of a number of recent research reports. 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. Robert W. Baird set a $90.00 price objective on Rambus in a report on Monday, February 3rd. Evercore ISI initiated coverage on shares of Rambus in a research report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities restated a "buy" rating and set a $80.00 price target on shares of Rambus in a report on Tuesday, April 29th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $75.00.

Rambus Price Performance

NASDAQ:RMBS traded up $2.41 during midday trading on Friday, reaching $51.29. The stock had a trading volume of 1,026,490 shares, compared to its average volume of 1,293,372. The stock has a market capitalization of $5.51 billion, a P/E ratio of 30.90 and a beta of 1.20. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15. The firm's fifty day simple moving average is $51.06 and its 200-day simple moving average is $54.72.

Insider Activity

In other Rambus 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 transaction, the chief executive officer now directly owns 316,931 shares of the company's stock, valued at $17,047,718.49. The trade was a 3.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Necip Sayiner sold 4,625 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the sale, the director now directly owns 42,000 shares of the company's stock, valued at $2,803,080. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,300 shares of company stock valued at $6,745,221. 1.00% of the stock is owned by insiders.

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.