Aigen Investment Management LP Purchases New Stake in Rambus Inc. (NASDAQ:RMBS)

Aigen Investment Management LP bought a new stake in Rambus Inc. (NASDAQ:RMBS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 34,897 shares of the semiconductor company’s stock, valued at approximately $1,473,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Rambus during the second quarter valued at approximately $38,000. Fifth Third Bancorp lifted its position in shares of Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after buying an additional 296 shares during the last quarter. Blue Trust Inc. grew its position in Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Rambus during the 2nd quarter worth approximately $87,000. Finally, GAMMA Investing LLC grew its stake in shares of Rambus by 207.1% in the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 1,769 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Susquehanna decreased their price objective on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a research report on Friday, July 26th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Rambus in a report on Tuesday, October 29th. Wells Fargo & Company initiated coverage on Rambus in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price objective for the company. Finally, Loop Capital started coverage on Rambus in a research note on Monday. They issued a “buy” rating and a $70.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Rambus presently has a consensus rating of “Buy” and a consensus price target of $71.60.

Rambus Trading Up 0.9 %

NASDAQ RMBS traded up $0.48 during trading hours on Tuesday, hitting $56.37. The company’s stock had a trading volume of 58,717 shares, compared to its average volume of 1,559,462. The company has a market capitalization of $6.01 billion, a PE ratio of 34.71 and a beta of 1.17. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38. The company’s 50-day simple moving average is $43.21 and its two-hundred day simple moving average is $50.48.

About Rambus

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.