Rambus Inc. (NASDAQ:RMBS) Receives Consensus Rating of "Buy" from Brokerages

Rambus Inc. (NASDAQ:RMBS - Get Free Report) has received a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $77.29.

A number of brokerages have commented on RMBS. Susquehanna upped their price objective on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, February 4th. Evercore ISI assumed coverage on Rambus in a report on Tuesday, February 4th. They set an "outperform" rating and a $71.00 target price on the stock. Baird R W upgraded Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Rosenblatt Securities upped 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. Finally, Wells Fargo & Company upped their price objective on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th.

Insider Activity

In related news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the transaction, the director now owns 29,090 shares of the company's stock, valued at $1,693,619.80. The trade was a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. boosted its position 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 boosted its position in Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 640 shares during the last quarter. Quarry LP boosted its position 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 purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 891 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Rambus by 12.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock worth $80,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Rambus Stock Down 3.6 %

Shares of RMBS stock traded down $2.45 during trading on Friday, reaching $64.72. 968,809 shares of the company's stock were exchanged, compared to its average volume of 1,024,908. The stock has a market capitalization of $6.90 billion, a PE ratio of 38.99 and a beta of 1.26. Rambus has a twelve month low of $37.42 and a twelve month high of $69.15. The firm's fifty day moving average price is $58.61 and its 200-day moving average price is $50.38.

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.