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

Rambus Inc. (NASDAQ:RMBS - Get Free Report) has been given a consensus rating of "Buy" by the seven brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $74.67.

RMBS has been the subject of a number of analyst reports. 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 objective for the company. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price objective on shares of Rambus in a research report on Tuesday, October 29th. Robert W. Baird began coverage on Rambus in a report on Monday, November 25th. They set an "outperform" rating and a $90.00 target price on the stock. Wells Fargo & Company started coverage on Rambus in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 target price for the company. Finally, Baird R W upgraded Rambus to a "strong-buy" rating in a report on Monday, November 25th.

Rambus Stock Performance

NASDAQ:RMBS traded up $0.60 during mid-day trading on Tuesday, hitting $56.65. The company had a trading volume of 525,268 shares, compared to its average volume of 654,433. The firm has a market cap of $6.04 billion, a P/E ratio of 35.19 and a beta of 1.23. Rambus has a fifty-two week low of $37.42 and a fifty-two week high of $76.38. The business's fifty day moving average is $55.74 and its two-hundred day moving average is $50.29.

Insiders Place Their Bets

In other news, Director Meera Rao sold 5,408 shares of the company's 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 sale, the director now owns 29,090 shares in the company, valued at $1,693,619.80. This represents a 15.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Rambus

A number of institutional investors have recently added to or reduced their stakes in the company. Campbell Newman Asset Management Inc. grew its position in shares of Rambus by 72.2% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company's stock valued at $2,064,000 after acquiring an additional 16,376 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Rambus during the 4th quarter worth approximately $203,000. Harbor Capital Advisors Inc. raised its stake in Rambus by 37.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 85,914 shares of the semiconductor company's stock valued at $4,541,000 after acquiring an additional 23,269 shares during the period. Diversified Trust Co increased its holdings in shares of Rambus by 11.1% in the fourth quarter. Diversified Trust Co now owns 30,041 shares of the semiconductor company's stock valued at $1,588,000 after purchasing an additional 2,992 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Rambus by 19.6% in the fourth quarter. GAMMA Investing LLC now owns 3,137 shares of the semiconductor company's stock valued at $166,000 after purchasing an additional 514 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

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.