Citigroup Inc. significantly increased its stake in Rambus, Inc. (NASDAQ:RMBS) by 146.7% in the third quarter, part of a broader trend of increased institutional ownership, now at 88.54%. Other major institutional investors like Norges Bank, EdgePoint, Westwood, AQR, and Raymond James also boosted their holdings. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.71, while the company reported earnings and revenue in line with estimates last quarter.
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Rambus, Inc. $RMBS Shares Bought by Citigroup Inc.
Citigroup Inc. significantly increased its stake in Rambus, Inc. (NASDAQ:RMBS) by 146.7% in the third quarter, part of a broader trend of increased institutional ownership, now at 88.54%. Other major institutional investors like Norges Bank, EdgePoint, Westwood, AQR, and Raymond James also boosted their holdings. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.71, while the company reported earnings and revenue in line with estimates last quarter.