Rambus Inc. (NASDAQ:RMBS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Rambus Inc. (NASDAQ:RMBS) by 30.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,900 shares of the semiconductor company’s stock after selling 60,240 shares during the period. BNP Paribas Financial Markets’ holdings in Rambus were worth $5,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP purchased a new position in Rambus in the second quarter valued at $38,000. Fifth Third Bancorp boosted 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 valued at $43,000 after buying an additional 296 shares during the period. Blue Trust Inc. grew its position 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 worth $71,000 after buying an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Rambus during the second quarter worth approximately $87,000. Finally, GAMMA Investing LLC raised 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 valued at $111,000 after acquiring an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $58.64 on Wednesday. The company has a market capitalization of $6.25 billion, a P/E ratio of 36.42 and a beta of 1.22. The stock has a 50-day simple moving average of $48.33 and a 200-day simple moving average of $50.32. Rambus Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RMBS. 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 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Wells Fargo & Company started coverage on Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective for the company. Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Finally, 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $74.67.

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.