Healthcare of Ontario Pension Plan Trust Fund Buys 31,490 Shares of Rambus Inc. (NASDAQ:RMBS)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 20.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,100 shares of the semiconductor company's stock after buying an additional 31,490 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.17% of Rambus worth $7,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Rambus by 386.3% in the second quarter. Assenagon Asset Management S.A. now owns 288,363 shares of the semiconductor company's stock worth $16,944,000 after purchasing an additional 229,066 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Rambus by 32.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company's stock worth $61,765,000 after buying an additional 357,160 shares during the period. Swedbank AB increased its stake in shares of Rambus by 56.1% in the 2nd quarter. Swedbank AB now owns 1,549,850 shares of the semiconductor company's stock worth $91,069,000 after acquiring an additional 556,850 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Rambus by 559.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,939 shares of the semiconductor company's stock valued at $1,113,000 after acquiring an additional 16,067 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Rambus during the third quarter worth about $2,077,000. 88.54% of the stock is owned by institutional investors.

Rambus Stock Up 1.2 %

NASDAQ:RMBS traded up $0.69 on Friday, hitting $57.81. The stock had a trading volume of 574,108 shares, compared to its average volume of 1,524,122. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $76.38. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 35.91 and a beta of 1.17. The business's 50-day simple moving average is $47.52 and its two-hundred day simple moving average is $50.37.

Analysts Set New Price Targets

A number of brokerages have weighed in on RMBS. Wells Fargo & Company began coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective on the stock. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Loop Capital started coverage on Rambus in a research note on Monday, November 11th. They set a "buy" rating and a $70.00 price objective for the company. Robert W. Baird started coverage on Rambus in a research note on Monday, November 25th. They issued an "outperform" rating and a $90.00 target price on the stock. Finally, Baird R W upgraded Rambus to a "strong-buy" rating in a report on Monday, November 25th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Rambus presently has an average rating of "Buy" and a consensus price target of $74.67.

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.