BNP Paribas Financial Markets Has $5.70 Million Stock Position in Rambus Inc. (NASDAQ:RMBS)

BNP Paribas Financial Markets cut its stake in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) by 30.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,900 shares of the semiconductor company's stock after selling 60,240 shares during the period. BNP Paribas Financial Markets owned approximately 0.13% of Rambus worth $5,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RMBS. Quarry LP bought a new position in Rambus during the second quarter worth about $38,000. Fifth Third Bancorp lifted its holdings in Rambus by 68.7% during the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 296 shares in the last quarter. Blue Trust Inc. lifted its holdings in Rambus by 240.6% during the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company's stock worth $71,000 after acquiring an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Rambus during the second quarter worth about $87,000. Finally, GAMMA Investing LLC lifted its holdings in Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company's stock worth $111,000 after acquiring an additional 1,769 shares in the last quarter. Institutional investors own 88.54% of the company's stock.

Rambus Trading Up 0.7 %

RMBS stock traded up $0.40 during trading on Wednesday, hitting $59.04. The company had a trading volume of 137,490 shares, compared to its average volume of 1,512,161. The business has a 50-day moving average of $48.33 and a 200-day moving average of $50.32. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38. The stock has a market cap of $6.29 billion, a PE ratio of 36.42 and a beta of 1.22.

Wall Street Analyst Weigh In

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

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.