10,892 Shares in Rambus Inc. (NASDAQ:RMBS) Bought by Olympiad Research LP

Olympiad Research LP purchased a new position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,892 shares of the semiconductor company's stock, valued at approximately $460,000.

Several other large investors also recently bought and sold shares of RMBS. Quarry LP acquired a new stake in shares of Rambus in the second quarter valued at approximately $38,000. Fifth Third Bancorp increased its position 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 during the last quarter. Blue Trust Inc. raised its stake in 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 purchasing an additional 806 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Rambus in the 2nd quarter valued at about $87,000. Finally, GAMMA Investing LLC grew its stake in shares of Rambus by 207.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company's stock valued at $111,000 after buying an additional 1,769 shares during the period. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Stock Down 1.8 %

Rambus stock traded down $1.01 during mid-day trading on Thursday, reaching $56.69. 1,238,142 shares of the company's stock were exchanged, compared to its average volume of 1,573,151. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The company has a fifty day moving average of $42.51 and a 200-day moving average of $50.53. The company has a market cap of $6.04 billion, a P/E ratio of 35.84 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RMBS. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Wells Fargo & Company began coverage on Rambus in a research report on Wednesday. They set an "overweight" rating and a $62.00 price objective for the company. Finally, Susquehanna decreased their target price on shares of Rambus from $75.00 to $66.00 and set a "positive" rating on the stock in a research report on Friday, July 26th.

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.