US Bancorp DE Acquires 1,518 Shares of Rambus Inc. (NASDAQ:RMBS)

US Bancorp DE increased its holdings in Rambus Inc. (NASDAQ:RMBS) by 19.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,359 shares of the semiconductor company’s stock after acquiring an additional 1,518 shares during the period. US Bancorp DE’s holdings in Rambus were worth $395,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RMBS. Bleakley Financial Group LLC raised its stake in shares of Rambus by 2.1% in the first quarter. Bleakley Financial Group LLC now owns 10,997 shares of the semiconductor company’s stock valued at $680,000 after buying an additional 229 shares during the period. Fifth Third Bancorp lifted its holdings in 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 during the last quarter. Russell Investments Group Ltd. boosted its position in Rambus by 0.7% during the first quarter. Russell Investments Group Ltd. now owns 61,712 shares of the semiconductor company’s stock worth $3,814,000 after purchasing an additional 423 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Rambus by 11.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock worth $294,000 after purchasing an additional 496 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Rambus by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,785 shares of the semiconductor company’s stock worth $1,408,000 after purchasing an additional 511 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on RMBS shares. 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 note on Friday, July 26th. Wells Fargo & Company initiated coverage on Rambus in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price target for the company. Loop Capital assumed coverage on Rambus in a research note on Monday. They issued a “buy” rating and a $70.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Rambus in a report on Tuesday, October 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $71.60.

Rambus Stock Down 0.9 %

Shares of NASDAQ RMBS opened at $55.37 on Wednesday. The firm has a market cap of $5.90 billion, a P/E ratio of 34.71 and a beta of 1.17. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38. The company has a 50 day moving average of $43.21 and a 200 day moving average of $50.48.

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.