Moody National Bank Trust Division Buys 5,182 Shares of Rambus Inc. (NASDAQ:RMBS)

Moody National Bank Trust Division boosted its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 134.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,030 shares of the semiconductor company's stock after purchasing an additional 5,182 shares during the quarter. Moody National Bank Trust Division's holdings in Rambus were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Rambus in the fourth quarter worth about $37,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Rambus by 927.5% in the fourth 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 period. Farther Finance Advisors LLC boosted its position in shares of Rambus by 379.1% in the fourth 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 period. Quarry LP boosted its position in shares of Rambus by 26.9% in the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after buying an additional 247 shares during the period. Finally, GeoWealth Management LLC purchased a new stake in shares of Rambus in the fourth quarter worth about $68,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Down 1.0%

NASDAQ RMBS traded down $0.59 on Thursday, reaching $56.56. 977,182 shares of the stock traded hands, compared to its average volume of 1,271,299. The firm's fifty day simple moving average is $50.81 and its 200 day simple moving average is $55.47. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 34.07 and a beta of 1.24. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15.

Insider Transactions at Rambus

In other news, Director Steven Laub sold 1,847 shares of the firm'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 owns 9,057 shares of the company's stock, valued at $499,221.84. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total value of $586,400.00. Following the sale, the chief executive officer now owns 306,931 shares of the company's stock, valued at approximately $17,998,433.84. This represents a 3.16% 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 valued at $3,182,033 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RMBS. Wall Street Zen downgraded Rambus from a "buy" rating to a "hold" rating in a report on Monday, May 19th. Rosenblatt Securities reissued a "buy" rating and issued a $80.00 price target on shares of Rambus in a 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $75.00.

Rambus 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.