Rambus (NASDAQ:RMBS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Rambus (NASDAQ:RMBS) from a hold rating to a buy rating in a report published on Wednesday.

Other equities analysts also recently issued reports about the stock. Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. Susquehanna raised their price target on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday. Baird R W upgraded Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Finally, Robert W. Baird initiated coverage on shares of Rambus in a report on Monday, November 25th. They issued an “outperform” rating and a $90.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Rambus has an average rating of “Buy” and a consensus price target of $77.29.

Rambus Price Performance

Shares of RMBS stock opened at $67.75 on Wednesday. The company has a market cap of $7.22 billion, a PE ratio of 42.08 and a beta of 1.26. The stock’s 50 day simple moving average is $57.84 and its two-hundred day simple moving average is $50.19. Rambus has a 1 year low of $37.42 and a 1 year high of $67.90.

Insider Activity at Rambus

In other news, Director Meera Rao sold 5,408 shares of the firm’s 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 $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 available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV increased its holdings in shares of Rambus by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 246 shares during the period. Quarry LP raised its holdings in shares of Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in Rambus by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 318 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in Rambus by 4.3% in the third quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 350 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Rambus by 8.6% during the 4th quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Company Profile

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.