Rice Hall James & Associates LLC Raises Stock Position in Rambus Inc. (NASDAQ:RMBS)

Rice Hall James & Associates LLC raised its position in Rambus Inc. (NASDAQ:RMBS) by 28.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,243 shares of the semiconductor company’s stock after purchasing an additional 15,148 shares during the quarter. Rice Hall James & Associates LLC owned about 0.06% of Rambus worth $2,881,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in Rambus in the second quarter valued at about $38,000. Fifth Third Bancorp lifted its stake in Rambus by 68.7% during the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 296 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Rambus by 240.6% during the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock worth $71,000 after buying an additional 806 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Rambus during the second quarter worth $87,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Rambus in the first quarter valued at $90,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna lowered their target price on Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a report on Friday, July 26th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Rambus in a research report on Tuesday.

Rambus Price Performance

Rambus stock opened at $47.95 on Friday. The stock has a market capitalization of $5.16 billion, a PE ratio of 29.78 and a beta of 1.19. Rambus Inc. has a 12 month low of $37.42 and a 12 month high of $76.38. The business has a 50 day simple moving average of $42.06 and a 200-day simple moving average of $50.67.

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.