Centiva Capital LP Purchases New Holdings in Rambus Inc. (NASDAQ:RMBS)

Centiva Capital LP acquired a new position in shares of Rambus Inc. (NASDAQ:RMBS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 83,915 shares of the semiconductor company’s stock, valued at approximately $3,543,000. Centiva Capital LP owned approximately 0.08% of Rambus at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RMBS. Quarry LP purchased a new position in Rambus during the second quarter worth about $38,000. Fifth Third Bancorp increased its stake in shares of Rambus by 68.7% during the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after buying an additional 296 shares during the period. Blue Trust Inc. raised its holdings in Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Rambus in the second quarter worth approximately $87,000. Finally, GAMMA Investing LLC grew its holdings in 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. Institutional investors and hedge funds own 88.54% of the company’s stock.

Wall Street Analysts Forecast Growth

RMBS has been the subject of several recent analyst reports. Baird R W raised shares of Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Wells Fargo & Company began coverage on Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 target price on the stock. Loop Capital began coverage on Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Robert W. Baird began coverage on shares of Rambus in a report on Monday, November 25th. They set an “outperform” rating and a $90.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rambus currently has a consensus rating of “Buy” and a consensus target price of $74.67.

Rambus Stock Up 1.2 %

Shares of NASDAQ:RMBS opened at $57.81 on Monday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 35.91 and a beta of 1.17. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38. The firm’s 50-day simple moving average is $47.52 and its 200-day simple moving average is $50.31.

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.