Rambus Inc. (NASDAQ:RMBS) Shares Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC increased its holdings in Rambus Inc. (NASDAQ:RMBS) by 28.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 68,243 shares of the semiconductor company’s stock after purchasing an additional 15,148 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Rambus were worth $2,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Rambus in the second quarter valued at about $38,000. Fifth Third Bancorp raised its position in shares of Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 296 shares during the last quarter. Blue Trust Inc. lifted its stake in Rambus by 240.6% in the 2nd 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 in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Rambus during the 1st quarter valued at $90,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Rambus during the 2nd quarter valued at $87,000. 88.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RMBS has been the topic of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research report on Tuesday. Susquehanna reduced their price objective on shares of Rambus from $75.00 to $66.00 and set a “positive” rating on the stock in a research note on Friday, July 26th.

Rambus Trading Up 0.3 %

Shares of NASDAQ:RMBS opened at $47.95 on Friday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 29.78 and a beta of 1.19. The stock’s 50-day moving average price is $42.06 and its two-hundred day moving average price is $50.67. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38.

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.