Rambus, Inc. (NASDAQ:RMBS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Rambus, Inc. (NASDAQ:RMBS) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $139.7778.

Several research firms have recently weighed in on RMBS. Jefferies Financial Group increased their price target on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird cut Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Tuesday, April 28th. Wells Fargo & Company upped their price objective on shares of Rambus from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and set a $165.00 target price on shares of Rambus in a research report on Tuesday, July 28th. Finally, Evercore reiterated an “outperform” rating and issued a $172.00 target price on shares of Rambus in a research note on Tuesday, April 28th.

Insider Buying and Selling at Rambus

In other Rambus news, Director Necip Sayiner sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total transaction of $850,750.00. Following the sale, the director owned 18,223 shares of the company’s stock, valued at $3,100,643.45. The trade was a 21.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric B. Stang sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $146.00, for a total transaction of $730,000.00. Following the sale, the director directly owned 19,218 shares in the company, valued at $2,805,828. The trade was a 20.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,914 shares of company stock valued at $9,724,775 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Rambus

Several hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC increased its stake in Rambus by 3.8% during the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 81 shares in the last quarter. Oak Grove Capital LLC lifted its stake in shares of Rambus by 1.3% in the fourth quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Rambus by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after buying an additional 103 shares in the last quarter. Balefire LLC grew its holdings in shares of Rambus by 3.8% during the first quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 108 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Rambus by 3.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 110 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Price Performance

Shares of RMBS opened at $96.42 on Wednesday. The firm has a market cap of $10.46 billion, a PE ratio of 44.23 and a beta of 1.88. The stock’s fifty day moving average price is $116.95 and its two-hundred day moving average price is $113.78. Rambus has a 1 year low of $67.15 and a 1 year high of $174.10.

Rambus Company Profile

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.