Rambus, Inc. (NASDAQ:RMBS) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its holdings in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 14.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 306,106 shares of the semiconductor company's stock after selling 50,852 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.28% of Rambus worth $15,849,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Tsfg LLC acquired a new stake in shares of Rambus in the 1st quarter worth $26,000. Orion Capital Management LLC acquired a new position in shares of Rambus during the fourth quarter worth about $37,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 640 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Rambus by 379.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 891 shares during the period. Finally, Quarry LP increased its stake in shares of Rambus by 26.9% during the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 247 shares during the period. 88.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. 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 price target on shares of Rambus in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $75.00.

Rambus Stock Down 0.8%

Rambus stock opened at $64.06 on Friday. Rambus, Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The firm's 50-day simple moving average is $58.42 and its 200 day simple moving average is $56.48. The firm has a market capitalization of $6.88 billion, a PE ratio of 33.36 and a beta of 1.24.

Insider Activity

In related 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 value of $101,806.64. Following the sale, the director directly owned 9,057 shares in the company, valued at $499,221.84. The trade was a 16.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Luc Seraphin sold 6,348 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $46.97, for a total transaction of $298,165.56. Following the completion of the transaction, the chief executive officer owned 319,241 shares in the company, valued at approximately $14,994,749.77. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,848 shares of company stock worth $1,080,833 over the last quarter. Insiders own 1.00% of the company's stock.

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.

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