Louisiana State Employees Retirement System Acquires New Holdings in Rambus Inc. (NASDAQ:RMBS)

Louisiana State Employees Retirement System purchased a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,700 shares of the semiconductor company's stock, valued at approximately $2,095,000.

A number of other large investors have also modified their holdings of the stock. Hollencrest Capital Management purchased a new position in Rambus in the first quarter worth approximately $28,000. Blue Trust Inc. grew its stake in shares of Rambus by 100.4% during the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 224 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Rambus in the fourth quarter valued at $33,000. Fifth Third Bancorp raised 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 buying an additional 200 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Rambus during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 88.54% of the company's stock.

Insider Buying and Selling at Rambus

In other Rambus news, CEO Luc Seraphin sold 15,000 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $62.17, for a total transaction of $932,550.00. Following the completion of the transaction, the chief executive officer now owns 304,755 shares in the company, valued at approximately $18,946,618.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Luc Seraphin sold 15,000 shares of the firm'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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Xianzhi Sean Fan sold 2,004 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $55.00, for a total value of $110,220.00. Following the transaction, the chief operating officer now directly owns 121,229 shares in the company, valued at approximately $6,667,595. The disclosure for this sale can be found here. Insiders sold a total of 121,084 shares of company stock valued at $7,408,298 in the last ninety days. Insiders own 1.00% of the company's stock.

Rambus Stock Down 1.4 %

NASDAQ:RMBS traded down $0.79 during mid-day trading on Thursday, reaching $56.46. 1,387,931 shares of the stock were exchanged, compared to its average volume of 1,570,698. The stock has a market capitalization of $6.13 billion, a P/E ratio of 18.82 and a beta of 1.16. Rambus Inc. has a 1 year low of $43.58 and a 1 year high of $76.38. The company has a 50 day simple moving average of $60.02 and a 200-day simple moving average of $62.57.

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

Analyst Ratings Changes

A number of research firms have recently commented on RMBS. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Rambus in a report on Wednesday, March 13th. Wells Fargo & Company raised their price objective on shares of Rambus from $80.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rambus currently 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.