UMB Bank n.a. Increases Holdings in Rambus Inc. (NASDAQ:RMBS)

UMB Bank n.a. grew its holdings in Rambus Inc. (NASDAQ:RMBS) by 129.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,233 shares of the semiconductor company’s stock after acquiring an additional 696 shares during the period. UMB Bank n.a.’s holdings in Rambus were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in shares of Rambus by 12.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 166 shares during the last quarter. Mariner LLC increased its holdings in shares of Rambus by 1.4% in the fourth quarter. Mariner LLC now owns 12,473 shares of the semiconductor company’s stock worth $659,000 after purchasing an additional 167 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Rambus by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 45,400 shares of the semiconductor company’s stock worth $2,400,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Rambus by 0.7% in the fourth quarter. Arizona State Retirement System now owns 31,237 shares of the semiconductor company’s stock worth $1,651,000 after purchasing an additional 202 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Rambus by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 246 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Steven Laub sold 1,847 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $55.12, for a total value of $101,806.64. Following the transaction, the director now owns 9,057 shares of the company’s stock, valued at $499,221.84. This represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $58.64, for a total value of $586,400.00. Following the completion of the transaction, the chief executive officer now directly owns 306,931 shares in the company, valued at approximately $17,998,433.84. This trade represents a 3.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,848 shares of company stock valued at $3,182,033. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

RMBS has been the topic of several research reports. Wall Street Zen cut Rambus from a “buy” rating to a “hold” rating in a report on Monday, May 19th. Rosenblatt Securities reissued a “buy” rating and set a $80.00 price objective on shares of Rambus in a research note on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $75.00.

Rambus Price Performance

Shares of NASDAQ RMBS opened at $58.10 on Friday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 35.00 and a beta of 1.20. The business’s 50 day moving average is $52.09 and its two-hundred day moving average is $55.67. Rambus Inc. has a 1-year low of $37.43 and a 1-year high of $69.15.

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.