Mutual of America Capital Management LLC Purchases 44,792 Shares of Rambus Inc. (NASDAQ:RMBS)

Mutual of America Capital Management LLC raised its position in Rambus Inc. (NASDAQ:RMBS - Free Report) by 57.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 122,148 shares of the semiconductor company's stock after purchasing an additional 44,792 shares during the period. Mutual of America Capital Management LLC owned about 0.11% of Rambus worth $8,337,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RMBS. Blue Trust Inc. lifted its position in shares of Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 224 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Rambus by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Rambus in the first quarter valued at $28,000. Lazard Asset Management LLC purchased a new position in Rambus during the second quarter worth about $40,000. Finally, Orion Capital Management LLC purchased a new position in Rambus during the third quarter worth about $39,000. Institutional investors and hedge funds own 88.54% of the company's stock.

Insider Activity

In other news, CEO Luc Seraphin sold 15,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $61.35, for a total value of $920,250.00. Following the completion of the sale, the chief executive officer now owns 268,321 shares in the company, valued at $16,461,493.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $61.35, for a total transaction of $920,250.00. Following the completion of the sale, the chief executive officer now owns 268,321 shares in the company, valued at approximately $16,461,493.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Xianzhi Sean Fan sold 2,004 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total value of $110,220.00. Following the sale, the chief operating officer now owns 121,229 shares of the company's stock, valued at approximately $6,667,595. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,554 shares of company stock worth $7,083,908. 1.00% of the stock is currently owned by corporate insiders.

Rambus Trading Down 3.5 %

NASDAQ:RMBS traded down $2.19 on Friday, hitting $60.14. 1,466,754 shares of the stock were exchanged, compared to its average volume of 1,595,313. The stock has a market cap of $6.53 billion, a PE ratio of 20.11 and a beta of 1.16. The stock has a fifty day moving average of $60.23 and a 200-day moving average of $62.44. Rambus Inc. has a fifty-two week low of $43.58 and a fifty-two week high of $76.38.

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

Analyst Ratings Changes

RMBS has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Rambus in a research report on Wednesday, March 13th. Wells Fargo & Company increased their target price on Rambus from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Rambus has an average rating of "Moderate Buy" and a consensus target price of $73.20.

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.