Rambus Inc. (NASDAQ:RMBS) Receives Average Recommendation of “Buy” from Analysts

Rambus Inc. (NASDAQ:RMBS) has received an average rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $76.71.

A number of research analysts have weighed in on the stock. Susquehanna boosted their price objective on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Rambus from $62.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Rosenblatt Securities boosted their target price on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird set a $90.00 price target on Rambus in a report on Monday, February 3rd.

Rambus Stock Performance

Shares of Rambus stock opened at $53.70 on Friday. The stock has a 50 day moving average price of $59.37 and a 200-day moving average price of $53.42. Rambus has a one year low of $37.43 and a one year high of $69.15. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 32.35 and a beta of 1.25.

Insiders Place Their Bets

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the completion of the sale, the chief operating officer now directly owns 93,841 shares of the company’s stock, valued at $6,383,064.82. The trade was a 35.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the transaction, the chief executive officer now directly owns 316,931 shares in the company, valued at $17,047,718.49. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,952 shares of company stock worth $4,992,255 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Rambus

Several institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. increased its position in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 455 shares during the period. Orion Capital Management LLC bought a new position in shares of Rambus during the fourth quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 640 shares during the period. Quarry LP raised its stake in Rambus by 40.3% in the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after buying an additional 264 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after buying an additional 891 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

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.