DekaBank Deutsche Girozentrale Acquires 43,400 Shares of Rambus Inc. (NASDAQ:RMBS)

DekaBank Deutsche Girozentrale boosted its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 1,326.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,673 shares of the semiconductor company's stock after purchasing an additional 43,400 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Rambus were worth $3,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp increased its stake in 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 during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Rambus by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 31,193 shares of the semiconductor company's stock valued at $1,740,000 after purchasing an additional 220 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its stake in Rambus by 3.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,749 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 221 shares during the last quarter. Blue Trust Inc. boosted its position in 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 buying an additional 224 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Rambus by 15.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,676 shares of the semiconductor company's stock worth $93,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Analyst Ratings Changes

RMBS has been the topic of several recent research reports. Rosenblatt Securities reissued a "buy" rating and set a $85.00 price objective on shares of Rambus in a report on Wednesday, March 13th. Wells Fargo & Company lifted 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Rambus has an average rating of "Moderate Buy" and an average target price of $73.20.

Insider Activity

In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $62.17, for a total transaction of $932,550.00. Following the completion of the sale, the chief executive officer now directly owns 304,755 shares of the company's stock, valued at approximately $18,946,618.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Xianzhi Sean Fan sold 2,004 shares of the stock in a transaction that occurred 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 directly owns 121,229 shares of the company's stock, valued at $6,667,595. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Luc Seraphin sold 15,000 shares of Rambus stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $62.17, for a total value of $932,550.00. Following the sale, the chief executive officer now owns 304,755 shares in the company, valued at $18,946,618.35. The disclosure for this sale can be found here. Insiders sold a total of 115,554 shares of company stock worth $7,083,908 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Rambus Price Performance

NASDAQ RMBS traded down $2.19 during mid-day trading on Friday, reaching $60.14. 1,467,814 shares of the stock were exchanged, compared to its average volume of 1,266,255. The stock has a market cap of $6.53 billion, a P/E ratio of 20.05 and a beta of 1.16. The stock has a 50 day simple moving average of $60.06 and a 200-day simple moving average of $62.48. Rambus Inc. has a one year low of $43.58 and a one year high of $76.38.

Rambus (NASDAQ:RMBS - Get Free Report) last released 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. The company had revenue of $136.00 million for the quarter, compared to the consensus estimate of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. Sell-side analysts anticipate that Rambus Inc. will post 1.63 EPS for the current fiscal 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.