Quadrature Capital Ltd acquired a new position in Rambus Inc. (NASDAQ:RMBS – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,788 shares of the semiconductor company’s stock, valued at approximately $455,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Rambus in the third quarter valued at $801,000. Point72 Asset Management L.P. acquired a new position in Rambus in the third quarter valued at $2,854,000. Janus Henderson Group PLC boosted its stake in Rambus by 597.9% in the 3rd quarter. Janus Henderson Group PLC now owns 351,801 shares of the semiconductor company’s stock worth $14,852,000 after buying an additional 301,394 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Rambus by 22.6% in the 3rd quarter. HighTower Advisors LLC now owns 233,293 shares of the semiconductor company’s stock valued at $9,813,000 after buying an additional 42,968 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
RMBS has been the topic of several recent analyst reports. Wells Fargo & Company assumed coverage on shares of Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective on the stock. Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Tuesday, October 29th. Robert W. Baird started coverage on shares of Rambus in a research note on Monday, November 25th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, Loop Capital initiated coverage on shares of Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 price target for the company. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $74.67.
Rambus Trading Down 0.7 %
RMBS opened at $58.40 on Tuesday. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 36.27 and a beta of 1.22. The company has a fifty day simple moving average of $49.70 and a 200 day simple moving average of $50.32.
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.
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