Legato Capital Management Invests $1.3M in Rambus

Got story updates? Submit your updates here. ›

Legato Capital Management LLC, a hedge fund, bought a new position in shares of semiconductor company Rambus, Inc. (NASDAQ:RMBS) during the third quarter, acquiring 12,451 shares valued at approximately $1.3 million. The investment comes as Rambus has seen its stock price fluctuate in recent months, trading between a 52-week low of $40.12 and a high of $135.75.

Why it matters

Rambus is a key player in the semiconductor industry, licensing its proprietary intellectual property to semiconductor companies, OEMs, and system integrators worldwide. The new investment from Legato Capital Management signals confidence in Rambus' technology and business model, even as the stock has experienced volatility.

The details

Legato Capital Management LLC bought the new position in Rambus during the third quarter. The fund acquired 12,451 shares of the semiconductor company's stock, valued at around $1.3 million. Several other hedge funds and institutional investors have also recently bought and sold Rambus shares, with some increasing and others decreasing their positions in the company.

• Legato Capital Management LLC bought the new position in Rambus during the third quarter.
• Rambus' stock has traded between a 52-week low of $40.12 and a high of $135.75.