Quest Partners LLC Has $1.21 Million Stock Position in Rambus Inc. (NASDAQ:RMBS)

Quest Partners LLC raised its holdings in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 150.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,615 shares of the semiconductor company's stock after buying an additional 17,190 shares during the period. Quest Partners LLC's holdings in Rambus were worth $1,208,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Rambus in the 2nd quarter valued at $38,000. Fifth Third Bancorp boosted its holdings in shares of Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company's stock worth $43,000 after buying an additional 296 shares during the period. Blue Trust Inc. boosted its position in shares of Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company's stock worth $71,000 after buying an additional 806 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rambus in the 2nd quarter valued at about $87,000. Finally, GAMMA Investing LLC grew its holdings in shares of Rambus by 207.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company's stock valued at $111,000 after acquiring an additional 1,769 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Rambus Stock Performance

NASDAQ RMBS traded up $0.66 during trading on Wednesday, reaching $52.95. 544,268 shares of the company traded hands, compared to its average volume of 1,541,488. The stock's 50 day moving average price is $44.85 and its two-hundred day moving average price is $50.35. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $76.38. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 32.48 and a beta of 1.17.

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.