Rambus Inc. (NASDAQ:RMBS) Shares Purchased by Swedbank AB

Swedbank AB raised its holdings in shares of Rambus Inc. (NASDAQ:RMBS) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,743,000 shares of the semiconductor company’s stock after acquiring an additional 193,150 shares during the period. Swedbank AB owned approximately 1.64% of Rambus worth $73,589,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its stake in shares of 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 buying an additional 296 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Rambus by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 318 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Rambus by 4.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 350 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Rambus by 11.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 496 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Rambus in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Price Performance

RMBS opened at $55.96 on Monday. The company has a market capitalization of $5.96 billion, a PE ratio of 34.76 and a beta of 1.17. The business has a 50-day moving average of $45.68 and a 200-day moving average of $50.35. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.

Analysts Set New Price Targets

Several brokerages have recently commented on RMBS. Wells Fargo & Company began coverage on Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Tuesday, October 29th. Finally, Loop Capital started coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price on the stock. Five 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 price target of $71.60.

About Rambus

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.