34,897 Shares in Rambus Inc. (NASDAQ:RMBS) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Rambus Inc. (NASDAQ:RMBS) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 34,897 shares of the semiconductor company’s stock, valued at approximately $1,473,000.

Several other large investors have also recently made changes to their positions in the business. GSA Capital Partners LLP boosted its holdings in shares of Rambus by 538.8% in the 3rd quarter. GSA Capital Partners LLP now owns 33,600 shares of the semiconductor company’s stock worth $1,419,000 after buying an additional 28,340 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Rambus by 47.6% in the third quarter. Nations Financial Group Inc. IA ADV now owns 8,679 shares of the semiconductor company’s stock worth $366,000 after acquiring an additional 2,797 shares during the period. Chartwell Investment Partners LLC boosted its stake in Rambus by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock valued at $1,645,000 after acquiring an additional 318 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Rambus by 18.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 44,207 shares of the semiconductor company’s stock valued at $1,866,000 after acquiring an additional 6,877 shares during the period. Finally, Meritage Portfolio Management grew its position in shares of Rambus by 11.1% during the 3rd quarter. Meritage Portfolio Management now owns 13,673 shares of the semiconductor company’s stock valued at $577,000 after acquiring an additional 1,370 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on RMBS. Wells Fargo & Company started coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Rambus in a research report on Tuesday, October 29th. Susquehanna decreased their price objective on Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a report on Friday, July 26th. Finally, Loop Capital assumed coverage on shares of Rambus in a report on Monday. They set a “buy” rating and a $70.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $71.60.

Rambus Stock Performance

Rambus stock traded up $0.48 during midday trading on Tuesday, hitting $56.37. 58,717 shares of the company’s stock were exchanged, compared to its average volume of 1,559,462. The company has a market cap of $6.01 billion, a P/E ratio of 34.71 and a beta of 1.17. The stock has a 50-day moving average price of $43.21 and a two-hundred day moving average price of $50.48. Rambus Inc. has a 52-week low of $37.42 and a 52-week 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.