Dynamic Technology Lab Private Ltd Acquires New Stake in Rambus Inc. (NASDAQ:RMBS)

Dynamic Technology Lab Private Ltd bought a new position in shares of Rambus Inc. (NASDAQ:RMBS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 49,196 shares of the semiconductor company’s stock, valued at approximately $2,077,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Rambus during the second quarter worth about $38,000. Fifth Third Bancorp raised its holdings in 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. boosted its stake in shares of 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 purchasing an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Rambus during the second quarter worth $87,000. Finally, GAMMA Investing LLC raised its stake in Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 1,769 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RMBS has been the subject of a number of recent analyst reports. Robert W. Baird assumed coverage on Rambus in a report on Monday. They set an “outperform” rating and a $90.00 price target for the company. 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. Wells Fargo & Company started coverage on Rambus in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price target on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Rambus currently has an average rating of “Buy” and a consensus price target of $74.67.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $56.89 on Tuesday. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $76.38. The business’s 50 day simple moving average is $46.02 and its two-hundred day simple moving average is $50.32. The firm has a market cap of $6.06 billion, a P/E ratio of 35.34 and a beta of 1.17.

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.