B. Metzler seel. Sohn & Co. AG Boosts Stake in Rambus Inc. (NASDAQ:RMBS)

B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,479 shares of the semiconductor company’s stock after buying an additional 4,332 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Rambus were worth $2,457,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in shares of Rambus by 69.5% during the 3rd quarter. Cerity Partners LLC now owns 16,615 shares of the semiconductor company’s stock valued at $701,000 after acquiring an additional 6,814 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rambus by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,425 shares of the semiconductor company’s stock worth $10,320,000 after purchasing an additional 4,178 shares during the last quarter. Verition Fund Management LLC grew its position in Rambus by 630.7% in the 3rd quarter. Verition Fund Management LLC now owns 30,888 shares of the semiconductor company’s stock worth $1,304,000 after purchasing an additional 26,661 shares during the period. Paloma Partners Management Co bought a new stake in Rambus in the 3rd quarter worth approximately $372,000. Finally, Holocene Advisors LP purchased a new stake in Rambus during the 3rd quarter valued at $608,000. 88.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RMBS shares. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Robert W. Baird set a $90.00 target price on Rambus in a research report on Monday, February 3rd. Rosenblatt Securities upped their price target on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Susquehanna raised their price objective on shares of Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their target price on shares of Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Rambus presently has an average rating of “Buy” and an average price target of $76.71.

Insiders Place Their Bets

In related news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the sale, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the sale, the chief operating officer now directly owns 93,841 shares in the company, valued at $6,383,064.82. This trade represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,952 shares of company stock worth $4,992,255. Corporate insiders own 1.00% of the company’s stock.

Rambus Trading Up 1.0 %

NASDAQ RMBS opened at $52.29 on Wednesday. Rambus Inc. has a 12 month low of $37.43 and a 12 month high of $69.15. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 31.50 and a beta of 1.25. The company’s 50 day moving average is $58.95 and its two-hundred day moving average is $53.68.

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.