Moody Aldrich Partners LLC Sells 1,347 Shares of Rambus Inc. (NASDAQ:RMBS)

Moody Aldrich Partners LLC trimmed its position in shares of Rambus Inc. (NASDAQ:RMBS) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,712 shares of the semiconductor company’s stock after selling 1,347 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Rambus were worth $2,416,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RMBS. UMB Bank n.a. lifted its holdings in shares of Rambus by 554.9% during the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 455 shares during the last quarter. Quarry LP purchased a new position in shares of Rambus during the second quarter valued at approximately $38,000. GAMMA Investing LLC lifted its holdings in shares of Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 1,769 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Rambus during the fourth quarter valued at approximately $203,000. Finally, KBC Group NV lifted its holdings in shares of Rambus by 54.8% during the fourth quarter. KBC Group NV now owns 4,008 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 1,419 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Rambus Price Performance

NASDAQ RMBS opened at $60.13 on Wednesday. The business’s fifty day moving average price is $57.26 and its 200-day moving average price is $50.20. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 37.35 and a beta of 1.23. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $73.62.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RMBS. Robert W. Baird began coverage on shares of Rambus in a report on Monday, November 25th. They set an “outperform” rating and a $90.00 target price for the company. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a report on Monday, November 25th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Wells Fargo & Company assumed coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $74.67.

Insider Activity

In other news, Director Meera Rao sold 5,408 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the transaction, the director now directly owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This represents a 15.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

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.