Landscape Capital Management L.L.C. Buys Shares of 16,039 Rambus Inc. (NASDAQ:RMBS)

Landscape Capital Management L.L.C. purchased a new position in Rambus Inc. (NASDAQ:RMBS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,039 shares of the semiconductor company’s stock, valued at approximately $677,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RMBS. Quarry LP bought a new stake in Rambus in the 2nd quarter worth about $38,000. Fifth Third Bancorp grew its stake in shares of Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 296 shares during the period. Blue Trust Inc. raised its holdings in shares of Rambus by 240.6% during the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Rambus during the second quarter valued at approximately $87,000. Finally, GAMMA Investing LLC boosted its holdings in Rambus by 207.1% in the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 1,769 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

Rambus Stock Performance

Shares of Rambus stock opened at $55.96 on Friday. The stock’s fifty day moving average is $45.68 and its 200 day moving average is $50.39. Rambus Inc. has a one year low of $37.42 and a one year high of $76.38. The stock has a market cap of $5.96 billion, a P/E ratio of 34.76 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RMBS shares. Loop Capital began coverage on shares of Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Rambus in a report on Tuesday, October 29th. Finally, Wells Fargo & Company started coverage on Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Rambus currently has an average rating of “Buy” and a consensus 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.