21,340 Shares in Rambus Inc. (NASDAQ:RMBS) Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,340 shares of the semiconductor company's stock, valued at approximately $1,105,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Rambus in the 4th quarter worth approximately $37,000. Skandinaviska Enskilda Banken AB publ lifted its position in Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after buying an additional 640 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Rambus by 379.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after buying an additional 891 shares during the last quarter. Quarry LP lifted its position 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 purchasing an additional 247 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Rambus by 129.6% in the first quarter. UMB Bank n.a. now owns 1,233 shares of the semiconductor company's stock valued at $64,000 after purchasing an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen downgraded Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $80.00 price objective on shares of Rambus in a research report on Tuesday, April 29th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rambus has an average rating of "Buy" and an average target price of $75.00.

Insider Activity at Rambus

In related news, CEO Luc Seraphin sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $46.81, for a total transaction of $468,100.00. Following the completion of the transaction, the chief executive officer now owns 336,844 shares in the company, valued at $15,767,667.64. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Laub sold 1,847 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $55.12, for a total value of $101,806.64. Following the completion of the sale, the director now directly owns 9,057 shares in the company, valued at approximately $499,221.84. The trade was a 16.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,848 shares of company stock worth $3,182,033 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Rambus Stock Performance

Shares of Rambus stock traded up $2.27 during midday trading on Monday, reaching $60.37. 967,507 shares of the company's stock traded hands, compared to its average volume of 1,267,269. The company has a market cap of $6.48 billion, a PE ratio of 36.37 and a beta of 1.20. The stock has a 50 day moving average of $52.39 and a 200-day moving average of $55.65. Rambus Inc. has a 12 month low of $37.43 and a 12 month 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.