Rambus Inc. (NASDAQ:RMBS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,244 shares of the semiconductor company’s stock after selling 2,914 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rambus were worth $1,450,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted 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 buying an additional 224 shares during the period. Fifth Third Bancorp boosted its stake in shares of Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after buying an additional 200 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Rambus during the third quarter worth about $39,000. NBC Securities Inc. acquired a new stake in shares of Rambus during the third quarter worth about $72,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Rambus during the third quarter worth about $78,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RMBS shares. Wells Fargo & Company increased their target price on shares of Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Rambus in a report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Insider Buying and Selling at Rambus

In other Rambus news, COO Xianzhi Sean Fan sold 2,004 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total value of $110,220.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. In other Rambus news, COO Xianzhi Sean Fan sold 2,004 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total value of $110,220.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. Also, CEO Luc Seraphin sold 5,530 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $58.66, for a total transaction of $324,389.80. Following the completion of the transaction, the chief executive officer now directly owns 262,791 shares of the company’s stock, valued at $15,415,320.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,084 shares of company stock valued at $7,408,298. Corporate insiders own 1.00% of the company’s stock.

Rambus Stock Up 2.8 %

NASDAQ RMBS opened at $58.12 on Friday. The stock has a market capitalization of $6.31 billion, a P/E ratio of 19.37 and a beta of 1.16. 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 price of $59.92 and a 200 day moving average price of $62.55.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $134.00 million. On average, equities research analysts expect that Rambus Inc. will post 1.63 earnings per share 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.