Two Sigma Investments LP Sells 293,915 Shares of Rambus Inc. (NASDAQ:RMBS)

Two Sigma Investments LP lessened its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 529,974 shares of the semiconductor company's stock after selling 293,915 shares during the quarter. Two Sigma Investments LP owned approximately 0.50% of Rambus worth $28,014,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company's stock worth $28,000 after buying an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of 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 purchasing an additional 640 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 valued at $60,000 after purchasing an additional 891 shares during the last quarter. Quarry LP grew its position in shares of Rambus by 26.9% in the fourth quarter. Quarry LP now owns 1,166 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 247 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of Rambus in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 88.54% of the company's stock.

Insider Buying and Selling at Rambus

In other Rambus news, CEO Luc Seraphin sold 10,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the sale, the chief executive officer now owns 316,931 shares of the company's stock, valued at approximately $17,047,718.49. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Laub sold 3,653 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $55.56, for a total value of $202,960.68. Following the completion of the sale, the director now directly owns 10,904 shares in the company, valued at approximately $605,826.24. This represents a 25.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,001 shares of company stock valued at $3,080,226. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Rambus from $62.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on Rambus in a research report on Monday, February 3rd. Wall Street Zen downgraded Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. 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. Finally, Susquehanna increased their price target on Rambus from $66.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $75.00.

Rambus Price Performance

NASDAQ:RMBS traded up $1.66 during trading hours on Tuesday, reaching $55.14. 137,633 shares of the company were exchanged, compared to its average volume of 1,283,264. The business has a 50 day moving average of $51.04 and a 200 day moving average of $55.44. The company has a market capitalization of $5.92 billion, a P/E ratio of 33.22 and a beta of 1.24. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15.

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.