Aigen Investment Management LP Takes $1.47 Million Position in Rambus Inc. (NASDAQ:RMBS)

Aigen Investment Management LP purchased a new position in Rambus Inc. (NASDAQ:RMBS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 34,897 shares of the semiconductor company's stock, valued at approximately $1,473,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GSA Capital Partners LLP grew its holdings in Rambus by 538.8% during the third quarter. GSA Capital Partners LLP now owns 33,600 shares of the semiconductor company's stock worth $1,419,000 after acquiring an additional 28,340 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of Rambus by 47.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,679 shares of the semiconductor company's stock valued at $366,000 after purchasing an additional 2,797 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company's stock valued at $1,645,000 after buying an additional 318 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Rambus by 18.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 44,207 shares of the semiconductor company's stock worth $1,866,000 after purchasing an additional 6,877 shares during the period. Finally, Meritage Portfolio Management grew its position in Rambus by 11.1% during the third quarter. Meritage Portfolio Management now owns 13,673 shares of the semiconductor company's stock worth $577,000 after buying an additional 1,370 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

Rambus Trading Down 0.9 %

RMBS stock traded down $0.52 during trading on Tuesday, hitting $55.37. The company had a trading volume of 871,350 shares, compared to its average volume of 1,563,109. The business has a 50 day moving average of $43.21 and a 200 day moving average of $50.48. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 34.71 and a beta of 1.17.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RMBS shares. Susquehanna cut 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. Loop Capital started coverage on Rambus in a research note on Monday. They issued a "buy" rating and a $70.00 price target for the company. Wells Fargo & Company started coverage on Rambus in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective on the stock. Finally, Rosenblatt Securities restated a "buy" rating and set a $85.00 target price on shares of Rambus in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Rambus has an average rating of "Buy" and an average price target of $71.60.

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.