Rambus Inc. (NASDAQ:RMBS) Shares Bought by NBC Securities Inc.

NBC Securities Inc. raised its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 102,411.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,226 shares of the semiconductor company's stock after buying an additional 9,217 shares during the period. NBC Securities Inc.'s holdings in Rambus were worth $477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atria Investments Inc acquired a new stake in Rambus in the fourth quarter valued at $336,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Rambus by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,249,746 shares of the semiconductor company's stock worth $66,062,000 after purchasing an additional 5,761 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Rambus during the fourth quarter worth about $269,000. Proficio Capital Partners LLC purchased a new position in shares of Rambus during the fourth quarter worth about $978,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Rambus by 86.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 73,938 shares of the semiconductor company's stock worth $3,908,000 after purchasing an additional 34,193 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rambus news, Director Steven Laub sold 1,847 shares of Rambus stock in a transaction that occurred 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 sale, the director now owns 9,057 shares of the company's stock, valued at approximately $499,221.84. The trade was a 16.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $58.64, for a total value of $586,400.00. Following the completion of the sale, the chief executive officer now directly owns 306,931 shares in the company, valued at $17,998,433.84. This represents a 3.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,848 shares of company stock valued at $3,182,033 over the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Rambus Stock Down 1.0%

NASDAQ RMBS opened at $56.56 on Friday. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15. The business's 50-day moving average price is $50.81 and its 200 day moving average price is $55.47. The firm has a market cap of $6.08 billion, a P/E ratio of 34.07 and a beta of 1.24.

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.

Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus Inc. (NASDAQ:RMBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.