GSA Capital Partners LLP raised its position in shares of Rambus Inc. (NASDAQ:RMBS – Free Report) by 538.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 33,600 shares of the semiconductor company’s stock after purchasing an additional 28,340 shares during the period. GSA Capital Partners LLP’s holdings in Rambus were worth $1,419,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Nations Financial Group Inc. IA ADV lifted its stake in shares of Rambus by 47.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,679 shares of the semiconductor company’s stock valued at $366,000 after buying an additional 2,797 shares in the last quarter. Chartwell Investment Partners LLC lifted its position 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 acquiring an additional 318 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Rambus by 18.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 44,207 shares of the semiconductor company’s stock worth $1,866,000 after acquiring an additional 6,877 shares during the period. Meritage Portfolio Management boosted its stake in shares of Rambus by 11.1% in the third quarter. Meritage Portfolio Management now owns 13,673 shares of the semiconductor company’s stock worth $577,000 after acquiring an additional 1,370 shares during the period. Finally, Assetmark Inc. grew its position in shares of Rambus by 11.7% during the third quarter. Assetmark Inc. now owns 98,738 shares of the semiconductor company’s stock worth $4,169,000 after purchasing an additional 10,355 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.
Rambus Stock Performance
Shares of RMBS opened at $54.32 on Thursday. The stock has a market capitalization of $5.79 billion, a PE ratio of 33.74 and a beta of 1.17. The company’s fifty day moving average is $43.51 and its 200 day moving average is $50.45. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.
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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.
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