Thrivent Financial for Lutherans Reduces Holdings in Rambus Inc. (NASDAQ:RMBS)

Thrivent Financial for Lutherans lessened its holdings in Rambus Inc. (NASDAQ:RMBSFree 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.

Analysts Set New Price Targets

RMBS has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Rambus in a report on Tuesday, October 29th. Robert W. Baird initiated coverage on Rambus in a report on Monday, November 25th. They issued an “outperform” rating and a $90.00 price target for the company. Wells Fargo & Company began coverage on Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective on the stock. Loop Capital began coverage on Rambus in a research note on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Baird R W raised Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Six 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, the company has a consensus rating of “Buy” and an average target price of $74.67.

Get Our Latest Research Report on Rambus

About Rambus

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding RMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rambus Inc. (NASDAQ:RMBSFree Report).

Institutional Ownership by Quarter for Rambus (NASDAQ:RMBS)

Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.