Pictet Asset Management Holding SA Boosts Stake in Rambus Inc. (NASDAQ:RMBS)

Pictet Asset Management Holding SA raised its position in shares of Rambus Inc. (NASDAQ:RMBS) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,383 shares of the semiconductor company’s stock after buying an additional 877 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Rambus were worth $972,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RMBS. UMB Bank n.a. lifted its holdings in shares of Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of 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. Quarry LP boosted its holdings in shares of Rambus by 40.3% in 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. Farther Finance Advisors LLC raised its holdings in Rambus by 379.1% during the 4th 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 during the period. Finally, Lindbrook Capital LLC lifted its position in 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 buying an additional 166 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of RMBS opened at $43.13 on Monday. The stock has a market capitalization of $4.63 billion, a PE ratio of 25.98 and a beta of 1.20. The company has a 50 day moving average price of $57.96 and a 200-day moving average price of $53.85. Rambus Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $69.15.

Insiders Place Their Bets

In other Rambus news, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $66.74, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Luc Seraphin sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $50.88, for a total transaction of $508,800.00. Following the completion of the transaction, the chief executive officer now owns 346,844 shares of the company’s stock, valued at $17,647,422.72. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,952 shares of company stock worth $5,501,055 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RMBS shares. Rosenblatt Securities increased their target price on shares of Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Robert W. Baird set a $90.00 price objective on shares of Rambus in a research note on Monday, February 3rd. Susquehanna upped their target price on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $76.71.

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.