Rambus Inc. (NASDAQ:RMBS) Given Average Rating of “Buy” by Brokerages

Rambus Inc. (NASDAQ:RMBS) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $77.29.

RMBS has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their price objective on Rambus from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird assumed coverage on shares of Rambus in a research report on Monday, November 25th. They issued an “outperform” rating and a $90.00 target price on the stock. Susquehanna boosted their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a report on Monday, November 25th. Finally, Evercore ISI assumed coverage on shares of Rambus in a report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock.

Rambus Stock Up 0.6 %

RMBS stock opened at $62.96 on Friday. Rambus has a twelve month low of $37.42 and a twelve month high of $69.15. The firm has a market capitalization of $6.71 billion, a PE ratio of 37.93 and a beta of 1.26. The stock has a 50-day simple moving average of $58.91 and a two-hundred day simple moving average of $50.59.

Insider Buying and Selling

In other Rambus news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rambus

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 455 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 640 shares during the period. Quarry LP raised its position in shares of Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 891 shares in the last quarter. Finally, GeoWealth Management LLC bought a new position in Rambus in the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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.