Quadrature Capital Ltd Takes Position in Rambus Inc. (NASDAQ:RMBS)

Quadrature Capital Ltd purchased a new position in Rambus Inc. (NASDAQ:RMBS) in the third quarter, HoldingsChannel reports. The fund purchased 10,788 shares of the semiconductor company’s stock, valued at approximately $455,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its holdings in Rambus by 339.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company’s stock worth $53,483,000 after buying an additional 978,417 shares during the last quarter. Swedbank AB raised its position in shares of Rambus by 56.1% during the 2nd quarter. Swedbank AB now owns 1,549,850 shares of the semiconductor company’s stock valued at $91,069,000 after acquiring an additional 556,850 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Rambus by 559.7% in the second quarter. AQR Capital Management LLC now owns 572,930 shares of the semiconductor company’s stock worth $33,133,000 after purchasing an additional 486,078 shares during the period. Point72 Hong Kong Ltd acquired a new position in Rambus in the third quarter worth $18,984,000. Finally, American Century Companies Inc. increased its stake in Rambus by 63.8% during the second quarter. American Century Companies Inc. now owns 1,053,377 shares of the semiconductor company’s stock valued at $61,897,000 after purchasing an additional 410,332 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Rambus Trading Down 0.7 %

RMBS opened at $58.40 on Tuesday. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The stock has a market cap of $6.22 billion, a PE ratio of 36.27 and a beta of 1.22. The business’s 50 day moving average is $49.70 and its 200-day moving average is $50.32.

Analyst Upgrades and Downgrades

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