Healthcare of Ontario Pension Plan Trust Fund Purchases 31,490 Shares of Rambus Inc. (NASDAQ:RMBS)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Rambus Inc. (NASDAQ:RMBS) by 20.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 184,100 shares of the semiconductor company’s stock after acquiring an additional 31,490 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Rambus were worth $7,773,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 296 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in shares of Rambus by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 318 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Rambus by 4.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 350 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Rambus by 11.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 496 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Rambus during the 2nd quarter valued at about $38,000. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of Rambus stock opened at $57.81 on Friday. The stock has a market capitalization of $6.16 billion, a PE ratio of 35.91 and a beta of 1.17. Rambus Inc. has a 52-week low of $37.42 and a 52-week high of $76.38. The company has a 50-day simple moving average of $47.52 and a two-hundred day simple moving average of $50.42.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RMBS shares. Wells Fargo & Company started coverage on shares of Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 target price on the stock. Baird R W raised shares of Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Loop Capital initiated coverage on shares of Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Rambus in a research report on Tuesday, October 29th. Finally, Robert W. Baird initiated coverage on shares of Rambus in a research report on Monday, November 25th. They set 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Rambus presently has an average rating of “Buy” and a consensus 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.