GSA Capital Partners LLP Increases Stake in Rambus Inc. (NASDAQ:RMBS)

GSA Capital Partners LLP grew its position in Rambus Inc. (NASDAQ:RMBS) by 538.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,600 shares of the semiconductor company’s stock after buying an additional 28,340 shares during the period. GSA Capital Partners LLP’s holdings in Rambus were worth $1,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its holdings in Rambus by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 10,997 shares of the semiconductor company’s stock worth $680,000 after acquiring an additional 229 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Rambus by 68.7% during the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 296 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock valued at $1,645,000 after buying an additional 318 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Rambus by 0.7% in the 1st quarter. Russell Investments Group Ltd. now owns 61,712 shares of the semiconductor company’s stock worth $3,814,000 after buying an additional 423 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Rambus by 11.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock worth $294,000 after buying an additional 496 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

RMBS has been the subject of a number of research analyst reports. Susquehanna reduced their price target on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company assumed coverage on shares of Rambus in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 target price for the company. 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. Finally, Loop Capital began coverage on Rambus in a report on Monday. They issued a “buy” rating and a $70.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $71.60.

Rambus Trading Down 1.9 %

RMBS opened at $54.32 on Thursday. The firm’s 50 day simple moving average is $43.51 and its two-hundred day simple moving average is $50.45. The company has a market capitalization of $5.79 billion, a PE ratio of 33.74 and a beta of 1.17. Rambus Inc. has a 1-year low of $37.42 and a 1-year high of $76.38.

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.