Captrust Financial Advisors cut its stake in Rambus Inc. (NASDAQ:RMBS – Free Report) by 90.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,166 shares of the semiconductor company’s stock after selling 994,228 shares during the quarter. Captrust Financial Advisors owned about 0.09% of Rambus worth $4,271,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rambus by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,425 shares of the semiconductor company’s stock worth $10,320,000 after buying an additional 4,178 shares in the last quarter. FORA Capital LLC grew its position in Rambus by 63.7% during the third quarter. FORA Capital LLC now owns 40,284 shares of the semiconductor company’s stock worth $1,701,000 after buying an additional 15,671 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Rambus by 20.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 184,100 shares of the semiconductor company’s stock worth $7,773,000 after buying an additional 31,490 shares in the last quarter. Blueshift Asset Management LLC grew its position in Rambus by 14.6% during the third quarter. Blueshift Asset Management LLC now owns 10,382 shares of the semiconductor company’s stock worth $438,000 after buying an additional 1,319 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in Rambus by 32.2% during the third quarter. Glenmede Trust Co. NA now owns 311,910 shares of the semiconductor company’s stock worth $13,169,000 after buying an additional 75,908 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
Rambus Stock Down 0.4 %
Shares of RMBS stock opened at $58.64 on Wednesday. The business has a 50-day moving average price of $48.33 and a two-hundred day moving average price of $50.32. Rambus Inc. has a 12-month low of $37.42 and a 12-month high of $76.38. The firm has a market cap of $6.25 billion, a P/E ratio of 36.42 and a beta of 1.22.
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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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