74,910 Shares in Rambus Inc. (NASDAQ:RMBS) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in Rambus Inc. (NASDAQ:RMBS) in the third quarter, HoldingsChannel.com reports. The firm acquired 74,910 shares of the semiconductor company’s stock, valued at approximately $3,163,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RMBS. Fifth Third Bancorp raised its stake in Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of 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 purchasing an additional 318 shares during the period. Great Valley Advisor Group Inc. raised its stake in shares of Rambus by 4.3% during the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 350 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Rambus by 11.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock worth $294,000 after purchasing an additional 496 shares during the period. Finally, Quarry LP purchased a new position in Rambus in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Trading Up 1.7 %

Shares of Rambus stock opened at $56.89 on Tuesday. The company has a 50-day moving average of $46.02 and a two-hundred day moving average of $50.32. The stock has a market cap of $6.06 billion, a PE ratio of 35.34 and a beta of 1.17. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RMBS. Wells Fargo & Company initiated coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 target price on the stock. Robert W. Baird began coverage on Rambus in a report on Monday. They issued an “outperform” rating and a $90.00 price objective on the stock. Loop Capital began coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 target price for the company. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Rambus presently has an average rating of “Buy” and a consensus price target of $74.67.

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.