2 weeks Ago By ABMN Staff
Choreo LLC purchased a new stake in Rambus Inc. ( NASDAQ:RMBS – Free Report ) in the 2nd quarter, Holdings Channel.com reports.
The institutional investor purchased 7,671 shares of the semiconductor company’s stock, valued at approximately $445,000. Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Rambus in the first quarter valued at approximately $28,000.
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 valued at $43,000 after buying an additional 296 shares during the period.
Blue Trust Inc. boosted its holdings 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 valued at $71,000 after buying an additional 806 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Rambus in the first quarter valued at approximately $90,000.
Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rambus in the second quarter valued at approximately $87,000. Institutional investors and hedge funds own 88.
54% of the company’s stock. Rambus Stock Up 3.2 % Shares of RMBS stock opened at $40.
87 on Monday. The company’s fifty day simple moving average is $49.39 and its 200-day simple moving average is $55.
30. Rambus Inc. has a 12 month low of $37.
42 and a 12 month high of $76.38. The firm has a market cap of $4.
40 billion, a PE ratio of 12.50 and a beta of 1.19.
Analyst Ratings Changes Several research analysts have recently weighed in on the stock. Susquehanna reduced their price target on shares of Rambus from $75.00 to $66.
00 and set a “positive” rating for the company in a report on Friday, July 26th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research report on Tuesday, September 10th.
One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Rambus has a consensus rating of “Moderate Buy” and a consensus price target of $77.
75. Read Our Latest Stock Report on RMBS Rambus Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus Inc. ( NASDAQ:RMBS – Free Report ).
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