FORA Capital LLC Grows Position in Rambus Inc. (NASDAQ:RMBS)

FORA Capital LLC boosted its position in Rambus Inc. (NASDAQ:RMBS) by 63.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,284 shares of the semiconductor company’s stock after purchasing an additional 15,671 shares during the period. FORA Capital LLC’s holdings in Rambus were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RMBS. Advisors Asset Management Inc. lifted its stake in shares of Rambus by 62.1% during the 1st quarter. Advisors Asset Management Inc. now owns 7,524 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 2,881 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Rambus by 10.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,056,350 shares of the semiconductor company’s stock valued at $65,294,000 after purchasing an additional 104,050 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Rambus by 31.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,742 shares of the semiconductor company’s stock worth $540,000 after purchasing an additional 2,103 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Rambus by 136.5% in the first quarter. Tidal Investments LLC now owns 25,082 shares of the semiconductor company’s stock worth $1,550,000 after purchasing an additional 14,475 shares during the last quarter. Finally, Comerica Bank increased its stake in Rambus by 51.3% in the 1st quarter. Comerica Bank now owns 69,395 shares of the semiconductor company’s stock worth $4,289,000 after buying an additional 23,526 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Trading Down 1.1 %

Shares of NASDAQ RMBS opened at $57.12 on Thursday. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38. The stock’s fifty day simple moving average is $46.78 and its two-hundred day simple moving average is $50.37. The stock has a market capitalization of $6.09 billion, a PE ratio of 35.48 and a beta of 1.17.

Analyst Ratings Changes

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

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.