Qsemble Capital Management LP Invests $3.16 Million in Rambus Inc. (NASDAQ:RMBS)

Qsemble Capital Management LP bought a new stake in Rambus Inc. (NASDAQ:RMBS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 74,910 shares of the semiconductor company’s stock, valued at approximately $3,163,000. Qsemble Capital Management LP owned about 0.07% of Rambus as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RMBS. Swedbank AB purchased a new position in shares of Rambus in the first quarter valued at approximately $61,377,000. Assenagon Asset Management S.A. grew its stake in shares of Rambus by 339.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,266,780 shares of the semiconductor company’s stock worth $53,483,000 after acquiring an additional 978,417 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Rambus by 559.7% during the second quarter. AQR Capital Management LLC now owns 572,930 shares of the semiconductor company’s stock worth $33,133,000 after acquiring an additional 486,078 shares during the period. American Century Companies Inc. raised its stake in shares of Rambus by 63.8% in the second quarter. American Century Companies Inc. now owns 1,053,377 shares of the semiconductor company’s stock valued at $61,897,000 after acquiring an additional 410,332 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Rambus by 32.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock valued at $61,765,000 after purchasing an additional 357,160 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Rambus Trading Up 1.7 %

RMBS stock opened at $56.89 on Tuesday. The company’s 50 day moving average is $46.02 and its two-hundred day moving average is $50.32. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The stock has a market cap of $6.06 billion, a P/E ratio of 35.34 and a beta of 1.17.

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.