Rambus Inc. (NASDAQ:RMBS) Stock Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,547 shares of the semiconductor company's stock after selling 61,626 shares during the quarter. SG Americas Securities LLC owned approximately 0.46% of Rambus worth $25,398,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RMBS. Orion Capital Management LLC acquired a new position in Rambus in the 4th quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock valued at $38,000 after buying an additional 640 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Rambus by 379.1% during the 4th 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 in the last quarter. Quarry LP boosted its position in shares of Rambus by 26.9% in the 4th quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock worth $62,000 after buying an additional 247 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Rambus by 129.6% in 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 in the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

RMBS has been the subject of a number of recent research reports. Rosenblatt Securities reiterated 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 cut 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $75.00.

Rambus Stock Performance

Shares of RMBS stock traded down $2.56 during trading hours on Friday, reaching $58.10. The company had a trading volume of 892,400 shares, compared to its average volume of 1,265,732. The company has a market capitalization of $6.24 billion, a P/E ratio of 35.00 and a beta of 1.20. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The stock's fifty day simple moving average is $52.09 and its 200 day simple moving average is $55.67.

Insiders Place Their Bets

In other news, Director Steven Laub sold 1,847 shares of the firm'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 completion of the sale, the director now directly owns 9,057 shares in the company, valued at $499,221.84. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total value of $586,400.00. Following the completion of the transaction, the chief executive officer now owns 306,931 shares in the company, valued at approximately $17,998,433.84. This trade represents a 3.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,848 shares of company stock worth $3,182,033 in the last 90 days. 1.00% of the stock is owned by company insiders.

Rambus Company 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.