Mutual of America Capital Management LLC Increases Position in Rambus Inc. (NASDAQ:RMBS)

Mutual of America Capital Management LLC grew its position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 33.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,120 shares of the semiconductor company's stock after purchasing an additional 37,018 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.14% of Rambus worth $6,254,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its position in Rambus by 32.3% during 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 acquiring an additional 357,160 shares during the last quarter. Natixis Advisors LLC raised its stake in Rambus by 32.4% during the third quarter. Natixis Advisors LLC now owns 295,307 shares of the semiconductor company's stock valued at $12,468,000 after buying an additional 72,280 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Rambus during the third quarter valued at $275,000. MeadowBrook Investment Advisors LLC lifted its holdings in shares of Rambus by 44.6% during the third quarter. MeadowBrook Investment Advisors LLC now owns 4,620 shares of the semiconductor company's stock valued at $195,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Rambus during the third quarter valued at $227,000. 88.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Rambus in a report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Rambus in a research report on Tuesday, October 29th. Susquehanna dropped their price target on Rambus from $75.00 to $66.00 and set a "positive" rating for the company in a research note on Friday, July 26th. Finally, Loop Capital initiated coverage on Rambus in a research note on Monday, November 11th. They set a "buy" rating and a $70.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $71.60.

Rambus Trading Down 0.8 %

Shares of RMBS stock traded down $0.41 on Wednesday, reaching $51.88. 201,250 shares of the company's stock were exchanged, compared to its average volume of 1,539,958. Rambus Inc. has a 52 week low of $37.42 and a 52 week high of $76.38. The stock has a market capitalization of $5.53 billion, a PE ratio of 32.48 and a beta of 1.17. The company's fifty day simple moving average is $44.85 and its 200 day simple moving average is $50.35.

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.