Rambus Inc. (NASDAQ:RMBS) investors should pay attention to a decrease in enthusiasm from smart money recently.
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Keeping this in mind, let’s take a glance at the key action encompassing Rambus Inc. (NASDAQ:RMBS).
What does the smart money think about Rambus Inc. (NASDAQ:RMBS)?
At year’s end, a total of 6 of the hedge funds we track held long positions in this stock, a change of 0% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings substantially.
Of the funds we track, Israel Englander’s Millennium Management had the largest position in Rambus Inc. (NASDAQ:RMBS), worth close to $6 million, accounting for less than 0.1%% of its total 13F portfolio. On Millennium Management’s heels is Jim Simons of Renaissance Technologies, with a $2.8 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other peers with similar optimism include Ken Griffin’s Citadel Investment Group, D. E. Shaw’s D E Shaw and Ken Griffin’s Citadel Investment Group.
Seeing as Rambus Inc. (NASDAQ:RMBS) has witnessed a declination in interest from the entirety of the hedge funds we track, logic holds that there were a few funds that elected to cut their entire stakes in Q4. At the top of the heap, David Costen Haley’s HBK Investments said goodbye to the largest investment of the “upper crust” of funds we watch, totaling about $0.3 million in stock., and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital was right behind this move, as the fund dropped about $0.1 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
What have insiders been doing with Rambus Inc. (NASDAQ:RMBS)?
Insider purchases made by high-level executives is most useful when the company in focus has seen transactions within the past six months. Over the last half-year time frame, Rambus Inc. (NASDAQ:RMBS) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Rambus Inc. (NASDAQ:RMBS). These stocks are Netlist, Inc. (NASDAQ:NLST), SemiLEDs Corporation (NASDAQ:LEDS), Micron Technology, Inc. (NASDAQ:MU), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), and Spansion Inc. (NYSE:CODE). This group of stocks are the members of the semiconductor- memory chips industry and their market caps match RMBS’s market cap.