Assetmark Inc. Increases Stock Position in Rambus Inc. (NASDAQ:RMBS)

Assetmark Inc. increased its position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,738 shares of the semiconductor company's stock after acquiring an additional 10,355 shares during the period. Assetmark Inc. owned approximately 0.09% of Rambus worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Olympiad Research LP bought a new stake in Rambus during the 3rd quarter worth approximately $460,000. M&G PLC bought a new stake in Rambus during the 3rd quarter worth approximately $9,791,000. Greenwood Capital Associates LLC increased its holdings in Rambus by 14.4% during the 3rd quarter. Greenwood Capital Associates LLC now owns 6,830 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 860 shares during the period. Emerald Advisers LLC grew its stake in Rambus by 42.1% in the 3rd quarter. Emerald Advisers LLC now owns 561,414 shares of the semiconductor company's stock worth $23,703,000 after buying an additional 166,453 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Rambus by 52.0% in the 3rd quarter. Van ECK Associates Corp now owns 81,441 shares of the semiconductor company's stock worth $3,372,000 after buying an additional 27,860 shares in the last quarter. Institutional investors own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna cut their price target on shares of Rambus from $75.00 to $66.00 and set a "positive" rating for the company in a research note on Friday, July 26th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Loop Capital assumed coverage on shares of Rambus in a research note on Monday. They issued a "buy" rating and a $70.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on shares of Rambus in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $71.60.

Rambus Stock Performance

Shares of Rambus stock traded down $1.05 during trading on Wednesday, hitting $54.32. The company's stock had a trading volume of 571,313 shares, compared to its average volume of 1,558,664. The company has a fifty day simple moving average of $43.51 and a two-hundred day simple moving average of $50.45. The company has a market capitalization of $5.79 billion, a PE ratio of 33.74 and a beta of 1.17. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38.

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.