Yorktown Management & Research Co Inc Has $362,000 Holdings in Rambus, Inc. (NASDAQ:RMBS)

Yorktown Management & Research Co Inc trimmed its stake in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 60.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the semiconductor company's stock after selling 10,800 shares during the quarter. Yorktown Management & Research Co Inc's holdings in Rambus were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in RMBS. Orion Capital Management LLC bought a new position in Rambus during the fourth quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ raised its position in Rambus by 927.5% during 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 in the last quarter. Farther Finance Advisors LLC raised its position in Rambus by 379.1% during 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 in the last quarter. Quarry LP raised its position in Rambus by 26.9% during 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 in the last quarter. Finally, UMB Bank n.a. raised its position in Rambus by 129.6% during the first quarter. UMB Bank n.a. now owns 1,233 shares of the semiconductor company's stock valued at $64,000 after acquiring an additional 696 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 price objective on shares of Rambus in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. One research 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 company. According to MarketBeat.com, Rambus has an average rating of "Buy" and a consensus price target of $75.00.

Insider Activity

In related news, CEO Luc Seraphin sold 6,348 shares of the company's stock in a transaction on 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 now directly owns 319,241 shares in the company, valued at $14,994,749.77. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Laub sold 1,847 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $55.12, for a total transaction of $101,806.64. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,848 shares of company stock valued at $2,057,733 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Rambus Stock Up 2.4%

Shares of NASDAQ:RMBS traded up $1.48 during trading on Friday, reaching $64.00. The stock had a trading volume of 1,940,215 shares, compared to its average volume of 1,254,238. Rambus, Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 33.33 and a beta of 1.20. The stock has a fifty day simple moving average of $54.80 and a two-hundred day simple moving average of $55.84.

About Rambus

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.