Yousif Capital Management LLC Decreases Stock Holdings in Rambus Inc. (NASDAQ:RMBS)

Yousif Capital Management LLC lessened its holdings in Rambus Inc. (NASDAQ:RMBS) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,401 shares of the semiconductor company’s stock after selling 1,053 shares during the period. Yousif Capital Management LLC’s holdings in Rambus were worth $1,885,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atria Investments Inc acquired a new stake in Rambus in the 4th quarter valued at $336,000. Charles Schwab Investment Management Inc. boosted its position in shares of Rambus by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,249,746 shares of the semiconductor company’s stock worth $66,062,000 after buying an additional 5,761 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of Rambus in the fourth quarter worth about $269,000. Proficio Capital Partners LLC acquired a new stake in shares of Rambus in the fourth quarter valued at about $978,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Rambus by 86.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 73,938 shares of the semiconductor company’s stock valued at $3,908,000 after buying an additional 34,193 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Down 4.2%

Shares of RMBS opened at $58.10 on Monday. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 35.00 and a beta of 1.20. The business’s 50 day moving average is $52.39 and its two-hundred day moving average is $55.66. Rambus Inc. has a 52-week low of $37.43 and a 52-week high of $69.15.

Insider Activity at Rambus

In other news, CEO Luc Seraphin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the sale, the chief executive officer now directly owns 316,931 shares in the company, valued at approximately $17,047,718.49. The trade was a 3.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Laub sold 3,653 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $55.56, for a total value of $202,960.68. Following the sale, the director now directly owns 10,904 shares in the company, valued at approximately $605,826.24. This represents a 25.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,848 shares of company stock valued at $3,182,033 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. 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 target price on shares of Rambus in a research report on Tuesday, April 29th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $75.00.

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.