10,892 Shares in Rambus Inc. (NASDAQ:RMBS) Purchased by Olympiad Research LP

Olympiad Research LP bought a new position in Rambus Inc. (NASDAQ:RMBS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,892 shares of the semiconductor company’s stock, valued at approximately $460,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Rambus in the 2nd quarter worth about $38,000. Fifth Third Bancorp grew its position in Rambus by 68.7% in the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 296 shares in the last quarter. Blue Trust Inc. grew its position in Rambus by 240.6% in the 2nd quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Rambus in the 2nd quarter worth about $87,000. Finally, GAMMA Investing LLC grew its position in Rambus by 207.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 1,769 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Rambus in a research report on Wednesday. They issued an “overweight” rating and a $62.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Finally, Susquehanna reduced their price objective on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a research report on Friday, July 26th.

Rambus Stock Up 0.8 %

Rambus stock opened at $58.15 on Thursday. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The firm has a 50 day moving average price of $42.51 and a 200-day moving average price of $50.53. The company has a market capitalization of $6.20 billion, a P/E ratio of 35.84 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.