Aigen Investment Management LP Sells 26,771 Shares of Rambus Inc. (NASDAQ:RMBS)

Aigen Investment Management LP reduced its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 76.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,126 shares of the semiconductor company’s stock after selling 26,771 shares during the period. Aigen Investment Management LP’s holdings in Rambus were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 455 shares during the period. Quarry LP increased its holdings in Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC increased its holdings in Rambus by 19.6% during the 4th quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company’s stock worth $166,000 after purchasing an additional 514 shares during the period. Meeder Asset Management Inc. increased its holdings in Rambus by 58.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 1,582 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its holdings in Rambus by 44.6% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 4,620 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 1,425 shares during the period. 88.54% of the stock is owned by institutional investors.

Rambus Trading Up 4.4 %

Shares of NASDAQ:RMBS opened at $54.88 on Friday. The company has a market capitalization of $5.86 billion, a PE ratio of 33.06 and a beta of 1.25. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $69.15. The business’s fifty day simple moving average is $59.77 and its 200-day simple moving average is $52.12.

Analysts Set New Price Targets

Several research analysts have commented on the company. Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. Rosenblatt Securities raised their price objective on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Loop Capital initiated coverage on Rambus in a report on Monday, November 11th. They set a “buy” rating and a $70.00 price objective on the stock. Susquehanna lifted their price target on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rambus has an average rating of “Buy” and an average target price of $76.71.

Insider Transactions at Rambus

In other news, 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 value 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. This trade represents a 35.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Meera Rao sold 5,408 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now directly owns 29,090 shares of the company’s stock, valued at $1,693,619.80. The trade was a 15.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,360 shares of company stock valued at $4,182,809 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

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.