Moody Aldrich Partners LLC Reduces Stake in Rambus Inc. (NASDAQ:RMBS)

Moody Aldrich Partners LLC decreased its position in Rambus Inc. (NASDAQ:RMBS - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,815 shares of the semiconductor company's stock after selling 18,221 shares during the period. Moody Aldrich Partners LLC's holdings in Rambus were worth $3,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RMBS. BlackRock Inc. increased its stake in shares of Rambus by 1.7% during the first quarter. BlackRock Inc. now owns 17,864,310 shares of the semiconductor company's stock valued at $915,725,000 after buying an additional 295,147 shares during the period. Vanguard Group Inc. boosted its stake in Rambus by 2.6% during the third quarter. Vanguard Group Inc. now owns 12,586,966 shares of the semiconductor company's stock worth $319,960,000 after buying an additional 314,467 shares during the last quarter. State Street Corp lifted its stake in shares of Rambus by 3.3% in the 3rd quarter. State Street Corp now owns 4,855,801 shares of the semiconductor company's stock valued at $123,434,000 after purchasing an additional 155,076 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Rambus by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,794,327 shares of the semiconductor company's stock worth $267,476,000 after purchasing an additional 616,670 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Rambus by 19.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,134,868 shares of the semiconductor company's stock valued at $174,893,000 after acquiring an additional 515,657 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Insider Activity at Rambus

In related news, SVP John Shinn sold 3,928 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $64.93, for a total value of $255,045.04. Following the completion of the transaction, the senior vice president now directly owns 28,448 shares in the company, valued at approximately $1,847,128.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Rambus news, SVP John Shinn sold 3,928 shares of Rambus stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $64.93, for a total transaction of $255,045.04. Following the transaction, the senior vice president now owns 28,448 shares of the company's stock, valued at $1,847,128.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Xianzhi Sean Fan sold 2,004 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total transaction of $110,220.00. Following the completion of the sale, the chief operating officer now owns 121,229 shares in the company, valued at approximately $6,667,595. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,554 shares of company stock valued at $6,163,658. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RMBS. Rosenblatt Securities reissued a "buy" rating and set a $85.00 target price on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company increased their price target on Rambus from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.20.

Rambus Trading Up 2.0 %

NASDAQ:RMBS traded up $1.23 on Tuesday, hitting $61.49. The company had a trading volume of 993,836 shares, compared to its average volume of 1,613,098. Rambus Inc. has a 52 week low of $43.58 and a 52 week high of $76.38. The firm has a 50 day moving average of $60.72 and a two-hundred day moving average of $62.41. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 20.48 and a beta of 1.16.

Rambus (NASDAQ:RMBS - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $136.00 million for the quarter, compared to analyst estimates of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. As a group, equities analysts forecast that Rambus Inc. will post 1.63 EPS for the current year.

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.