Cerity Partners LLC Sells 1,539 Shares of Rambus Inc. (NASDAQ:RMBS)

Cerity Partners LLC reduced its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,076 shares of the semiconductor company’s stock after selling 1,539 shares during the quarter. Cerity Partners LLC’s holdings in Rambus were worth $797,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. UMB Bank n.a. lifted its holdings in shares of Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Rambus by 927.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 640 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 891 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Rambus during the fourth quarter worth $73,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 166 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rambus

In related news, Director Necip Sayiner sold 4,625 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total transaction of $308,672.50. Following the transaction, the director now owns 42,000 shares in the company, valued at $2,803,080. The trade was a 9.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the completion of the sale, the chief operating officer now owns 93,841 shares of the company’s stock, valued at $6,383,064.82. The trade was a 35.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,952 shares of company stock worth $6,447,055 over the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company increased their target price on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on shares of Rambus in a report on Monday, February 3rd. Susquehanna upped their price target on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. Evercore ISI started coverage on shares of Rambus in a report on Tuesday, February 4th. They set an “outperform” rating and a $71.00 price target on the stock. Finally, StockNews.com upgraded Rambus from a “hold” rating to a “buy” rating in a report on Friday. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $76.71.

Rambus Stock Performance

NASDAQ:RMBS opened at $45.72 on Friday. Rambus Inc. has a 52 week low of $37.43 and a 52 week high of $69.15. The firm’s fifty day moving average is $53.99 and its 200-day moving average is $54.22. The firm has a market cap of $4.91 billion, a P/E ratio of 27.54 and a beta of 1.20.

Rambus Company 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.