Rambus Inc. (NASDAQ:RMBS) Position Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 538.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,600 shares of the semiconductor company's stock after purchasing an additional 28,340 shares during the quarter. GSA Capital Partners LLP's holdings in Rambus were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Rambus by 47.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,679 shares of the semiconductor company's stock worth $366,000 after acquiring an additional 2,797 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in shares of Rambus by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company's stock worth $1,645,000 after acquiring an additional 318 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake 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 acquiring an additional 6,877 shares in the last quarter. Meritage Portfolio Management boosted its stake in shares of Rambus by 11.1% during the 3rd quarter. Meritage Portfolio Management now owns 13,673 shares of the semiconductor company's stock worth $577,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Rambus by 11.7% during the 3rd quarter. Assetmark Inc. now owns 98,738 shares of the semiconductor company's stock worth $4,169,000 after acquiring an additional 10,355 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Stock Down 0.1 %

Shares of RMBS stock traded down $0.03 on Thursday, reaching $54.29. 162,815 shares of the stock were exchanged, compared to its average volume of 1,552,267. The stock has a market cap of $5.79 billion, a P/E ratio of 33.58 and a beta of 1.17. The firm has a 50 day moving average of $43.78 and a two-hundred day moving average of $50.48. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $76.38.

Analyst Ratings Changes

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

Rambus 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.