Thrivent Financial for Lutherans lessened its holdings in Rambus Inc. (NASDAQ:RMBS – Free Report) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,298 shares of the semiconductor company’s stock after selling 744 shares during the period. Thrivent Financial for Lutherans’ holdings in Rambus were worth $1,068,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP purchased a new stake in Rambus in the 2nd quarter valued at approximately $38,000. Fifth Third Bancorp boosted 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 valued at $43,000 after acquiring an additional 296 shares during the last quarter. Blue Trust Inc. increased its position in Rambus by 240.6% during 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. acquired a new position in Rambus in the 2nd quarter valued at about $87,000. Finally, GAMMA Investing LLC lifted its holdings in Rambus by 207.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.
Rambus Trading Up 1.8 %
Shares of Rambus stock opened at $58.87 on Tuesday. The stock has a market capitalization of $6.27 billion, a P/E ratio of 36.57 and a beta of 1.17. The business’s fifty day moving average price is $47.93 and its 200 day moving average price is $50.31. Rambus Inc. has a twelve month low of $37.42 and a twelve month high of $76.38.
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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.
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