Dynamic Technology Lab Private Ltd Purchases Shares of 49,196 Rambus Inc. (NASDAQ:RMBS)

Dynamic Technology Lab Private Ltd bought a new position in shares of Rambus Inc. (NASDAQ:RMBS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 49,196 shares of the semiconductor company’s stock, valued at approximately $2,077,000.

Several other hedge funds have also added to or reduced their stakes in RMBS. Quarry LP bought a new stake in shares of Rambus in the second quarter valued at approximately $38,000. Fifth Third Bancorp increased its holdings in Rambus by 68.7% in the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 296 shares during the period. Blue Trust Inc. raised its position 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 buying an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Rambus during the 2nd quarter worth approximately $87,000. Finally, GAMMA Investing LLC boosted its position in shares of Rambus by 207.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 1,769 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Rambus Trading Up 1.7 %

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

Analyst Ratings Changes

RMBS has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price 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 issued a “buy” rating and a $70.00 target price on the stock. Robert W. Baird started coverage on shares of Rambus in a report on Monday. They issued an “outperform” rating and a $90.00 target price for the company. Finally, Wells Fargo & Company assumed coverage on shares of Rambus in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Rambus has an average 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.