Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC lifted its stake in Rambus Inc. (NASDAQ:RMBS - Free Report) by 42.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 561,414 shares of the semiconductor company's stock after buying an additional 166,453 shares during the quarter. Emerald Advisers LLC owned approximately 0.52% of Rambus worth $23,703,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in shares of 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 buying an additional 229,066 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Rambus in the first quarter worth about $1,289,000. SG Americas Securities LLC boosted its stake in shares of Rambus by 221.3% in the first quarter. SG Americas Securities LLC now owns 13,357 shares of the semiconductor company's stock worth $826,000 after buying an additional 9,200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Rambus by 12.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 371,121 shares of the semiconductor company's stock worth $22,939,000 after buying an additional 42,432 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of Rambus by 56.1% in the second quarter. Swedbank AB now owns 1,549,850 shares of the semiconductor company's stock worth $91,069,000 after buying an additional 556,850 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RMBS. Susquehanna lowered their price target on Rambus from $75.00 to $66.00 and set a "positive" rating on the stock in a research report on Friday, July 26th. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 price target on shares of Rambus in a research report on Tuesday, October 29th.

Rambus Price Performance

RMBS stock traded up $0.13 during mid-day trading on Friday, reaching $47.95. 1,347,817 shares of the company's stock were exchanged, compared to its average volume of 1,252,606. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 29.78 and a beta of 1.17. The stock's 50 day moving average is $42.06 and its 200 day moving average is $50.56. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38.

About Rambus

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.