Emerald Advisers LLC Sells 13,127 Shares of Rambus, Inc. (NASDAQ:RMBS)

Emerald Advisers LLC trimmed its position in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 530,702 shares of the semiconductor company's stock after selling 13,127 shares during the quarter. Emerald Advisers LLC owned 0.49% of Rambus worth $27,477,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tsfg LLC bought a new position in Rambus in the first quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in Rambus in the fourth quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ increased its stake in Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 640 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 891 shares during the last quarter. Finally, Quarry LP increased its stake in Rambus by 26.9% in the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 247 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Steven Laub sold 1,847 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.12, for a total transaction of $101,806.64. Following the completion of the sale, the director directly owned 9,057 shares of the company's stock, valued at $499,221.84. The trade was a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Luc Seraphin sold 6,348 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total transaction of $298,165.56. Following the sale, the chief executive officer directly owned 319,241 shares of the company's stock, valued at approximately $14,994,749.77. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,848 shares of company stock valued at $1,080,833. 1.00% of the stock is currently owned by insiders.

Rambus Stock Performance

Shares of NASDAQ RMBS traded down $1.17 during trading on Monday, hitting $62.90. 314,766 shares of the company traded hands, compared to its average volume of 1,236,769. The business's fifty day moving average is $58.42 and its 200 day moving average is $56.49. Rambus, Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 32.76 and a beta of 1.24.

Wall Street Analyst Weigh In

RMBS has been the topic of a number of research reports. Wall Street Zen cut shares of Rambus from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 target price on shares of Rambus in a research note on Tuesday, April 29th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $75.00.

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.