Two Sigma Advisers LP Increases Stake in Rambus Inc. (NASDAQ:RMBS)

Two Sigma Advisers LP lifted its holdings in Rambus Inc. (NASDAQ:RMBS - Free Report) by 172.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 562,900 shares of the semiconductor company's stock after buying an additional 356,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.53% of Rambus worth $23,766,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC acquired a new position in Rambus during the 1st quarter valued at about $215,000. CWM LLC boosted its holdings in shares of Rambus by 15.5% during the second quarter. CWM LLC now owns 5,676 shares of the semiconductor company's stock worth $333,000 after purchasing an additional 763 shares during the period. Simplicity Wealth LLC boosted its holdings in shares of Rambus by 6.4% during the second quarter. Simplicity Wealth LLC now owns 11,699 shares of the semiconductor company's stock worth $687,000 after purchasing an additional 702 shares during the period. Diversified Trust Co lifted its stake in Rambus by 11.8% in the second quarter. Diversified Trust Co now owns 25,943 shares of the semiconductor company's stock valued at $1,524,000 after acquiring an additional 2,744 shares during the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new stake in Rambus in the second quarter valued at approximately $482,000. 88.54% of the stock is currently owned by institutional investors.

Rambus Trading Up 2.3 %

RMBS stock traded up $1.31 during trading on Friday, hitting $58.83. The company had a trading volume of 641,031 shares, compared to its average volume of 787,251. The stock has a market cap of $6.27 billion, a PE ratio of 36.54 and a beta of 1.22. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38. The business has a 50-day moving average of $49.38 and a 200-day moving average of $50.36.

Wall Street Analysts Forecast Growth

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

Rambus 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.