XTX Topco Ltd Buys New Holdings in Rambus Inc. (NASDAQ:RMBS)

XTX Topco Ltd bought a new position in shares of Rambus Inc. (NASDAQ:RMBS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,656 shares of the semiconductor company's stock, valued at approximately $745,000.

Several other institutional investors also recently modified their holdings of RMBS. State Street Corp increased its holdings in Rambus by 3.5% in the third quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company's stock valued at $203,463,000 after purchasing an additional 164,830 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Rambus by 5.7% in the second quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company's stock worth $127,248,000 after acquiring an additional 116,976 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Rambus by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,798,485 shares of the semiconductor company's stock valued at $105,673,000 after acquiring an additional 158,259 shares during the last quarter. Swedbank AB increased its position in Rambus by 12.5% during the 3rd quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company's stock valued at $73,589,000 after purchasing an additional 193,150 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Rambus by 32.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company's stock worth $61,765,000 after purchasing an additional 357,160 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RMBS has been the topic of a number of analyst reports. Baird R W raised shares of Rambus to a "strong-buy" rating in a research note on Monday, November 25th. Robert W. Baird began 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. Rosenblatt Securities restated a "buy" rating and set a $85.00 price target on shares of Rambus in a report on Tuesday, October 29th. Wells Fargo & Company initiated coverage on shares of Rambus in a research report on Wednesday, November 6th. They set an "overweight" rating and a $62.00 target price on the stock. Finally, 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 for the company. Six 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, the stock presently has a consensus rating of "Buy" and a consensus target price of $74.67.

Rambus Stock Performance

NASDAQ:RMBS traded down $0.96 on Thursday, hitting $58.10. The stock had a trading volume of 466,772 shares, compared to its average volume of 1,492,645. Rambus Inc. has a 1 year low of $37.42 and a 1 year high of $76.38. The firm's fifty day simple moving average is $50.43 and its two-hundred day simple moving average is $50.40. The stock has a market cap of $6.19 billion, a P/E ratio of 36.68 and a beta of 1.22.

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.