Rambus Inc. (NASDAQ:RMBS) Shares Bought by FORA Capital LLC

FORA Capital LLC grew its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 63.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,284 shares of the semiconductor company's stock after buying an additional 15,671 shares during the quarter. FORA Capital LLC's holdings in Rambus were worth $1,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 296 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of Rambus by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company's stock worth $1,645,000 after purchasing an additional 318 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Rambus by 4.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company's stock valued at $361,000 after purchasing an additional 350 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Rambus by 11.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company's stock worth $294,000 after purchasing an additional 496 shares during the last quarter. Finally, Quarry LP acquired a new position in Rambus in the second quarter worth about $38,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Stock Down 1.1 %

NASDAQ RMBS traded down $0.65 on Thursday, hitting $57.12. The stock had a trading volume of 728,282 shares, compared to its average volume of 1,528,253. The company's 50-day moving average is $46.78 and its two-hundred day moving average is $50.37. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 35.48 and a beta of 1.17. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RMBS shares. Baird R W upgraded Rambus to a "strong-buy" rating in a research report on Monday. Wells Fargo & Company assumed coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective for the company. Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They set a "buy" rating and a $70.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price target on shares of Rambus in a report on Tuesday, October 29th. Finally, Robert W. Baird assumed coverage on shares of Rambus in a research report on Monday. They set an "outperform" rating and a $90.00 price objective for the company. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $74.67.

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.