Rambus Inc. (NASDAQ:RMBS) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its position in shares of Rambus Inc. (NASDAQ:RMBS) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,550 shares of the semiconductor company’s stock after acquiring an additional 350 shares during the period. Great Valley Advisor Group Inc.’s holdings in Rambus were worth $361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hood River Capital Management LLC lifted its position in shares of Rambus by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company’s stock worth $127,248,000 after buying an additional 116,976 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Rambus by 9.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,798,485 shares of the semiconductor company’s stock worth $105,673,000 after buying an additional 158,259 shares during the last quarter. Swedbank AB lifted its position in shares of Rambus by 12.5% during the 3rd quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company’s stock worth $73,589,000 after buying an additional 193,150 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of 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 buying an additional 357,160 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of 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. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

RMBS has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Rambus in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price target for the company. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a research report on Monday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research report on Tuesday, October 29th. Loop Capital initiated coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Robert W. Baird initiated coverage on shares of Rambus in a research report on Monday. They issued an “outperform” rating and a $90.00 price target for the company. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Rambus has an average rating of “Buy” and a consensus target price of $74.67.

Rambus Stock Performance

Shares of Rambus stock opened at $57.12 on Thursday. The company has a market cap of $6.09 billion, a P/E ratio of 35.48 and a beta of 1.17. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38. The firm has a fifty day moving average of $46.78 and a two-hundred day moving average of $50.37.

Rambus Company 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.