Yorktown Management & Research Co Inc Sells 10,800 Shares of Rambus, Inc. (NASDAQ:RMBS)

Yorktown Management & Research Co Inc reduced its position in Rambus, Inc. (NASDAQ:RMBS - Free Report) by 60.7% during the 1st quarter, according to the company in 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 period. Yorktown Management & Research Co Inc's holdings in Rambus were worth $362,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Rambus in the fourth quarter worth approximately $37,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Rambus by 927.5% during the 4th 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 increased its stake 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 acquiring an additional 891 shares during the last quarter. Quarry LP raised its holdings 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 in the last quarter. Finally, UMB Bank n.a. boosted 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 purchasing an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $80.00 target price on shares of Rambus in a research report on Tuesday, April 29th. Wall Street Zen downgraded 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rambus presently has an average rating of "Buy" and an average price target of $75.00.

Insider Buying and Selling

In related news, Director Steven Laub sold 1,847 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $55.12, for a total transaction of $101,806.64. Following the transaction, the director now directly owns 9,057 shares in the company, valued at $499,221.84. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 41,848 shares of company stock worth $2,057,733 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Rambus Trading Up 3.8%

Rambus stock traded up $2.30 during trading hours on Tuesday, reaching $62.30. 831,717 shares of the company were exchanged, compared to its average volume of 1,256,503. Rambus, Inc. has a 12 month low of $37.43 and a 12 month high of $69.15. The stock has a 50-day moving average of $53.85 and a 200 day moving average of $55.72. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 32.45 and a beta of 1.20.

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.