Quadrature Capital Ltd Purchases New Position in Rambus Inc. (NASDAQ:RMBS)

Quadrature Capital Ltd bought a new stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,788 shares of the semiconductor company's stock, valued at approximately $455,000.

A number of other institutional investors also recently made changes to their positions in RMBS. Quarry LP grew its position in shares of Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after buying an additional 264 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Rambus during the 3rd quarter valued at $801,000. Point72 Asset Management L.P. purchased a new position in Rambus in the 3rd quarter worth about $2,854,000. Janus Henderson Group PLC raised its stake in Rambus by 597.9% during the 3rd quarter. Janus Henderson Group PLC now owns 351,801 shares of the semiconductor company's stock valued at $14,852,000 after purchasing an additional 301,394 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Rambus by 22.6% in the 3rd quarter. HighTower Advisors LLC now owns 233,293 shares of the semiconductor company's stock worth $9,813,000 after acquiring an additional 42,968 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Rambus Price Performance

RMBS stock traded down $0.29 during trading on Tuesday, reaching $58.11. 272,047 shares of the company were exchanged, compared to its average volume of 1,496,431. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The company has a 50-day moving average of $49.70 and a two-hundred day moving average of $50.32. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 36.27 and a beta of 1.22.

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.