Rambus (NASDAQ:RMBS) Price Target Raised to $70.00

Rambus (NASDAQ:RMBS - Free Report) had its target price hoisted by Susquehanna from $66.00 to $70.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a positive rating on the semiconductor company's stock.

Several other research firms have also weighed in on RMBS. Robert W. Baird assumed coverage on shares of Rambus in a report on Monday, November 25th. They issued an "outperform" rating and a $90.00 target price on the stock. Evercore ISI assumed coverage on Rambus in a research report on Tuesday. They issued an "outperform" rating and a $71.00 price objective for the company. Rosenblatt Securities upped their price target on shares of Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday. Baird R W raised shares of Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company increased their target price on Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $77.29.

Rambus Stock Down 0.4 %

NASDAQ RMBS traded down $0.28 on Tuesday, reaching $67.00. The company had a trading volume of 1,315,231 shares, compared to its average volume of 1,021,690. Rambus has a 52 week low of $37.42 and a 52 week high of $69.15. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 41.62 and a beta of 1.26. The stock's 50 day moving average is $58.26 and its 200-day moving average is $50.43.

Insider Activity at Rambus

In other Rambus news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RMBS. UMB Bank n.a. grew its position in shares of Rambus by 554.9% in the fourth 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 last quarter. Quarry LP grew its holdings in Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company's stock valued at $39,000 after buying an additional 264 shares in the last quarter. Lindbrook Capital LLC increased its position in Rambus by 12.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,513 shares of the semiconductor company's stock worth $80,000 after buying an additional 166 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company's stock worth $111,000 after buying an additional 1,769 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Rambus by 255.9% in the third quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company's stock valued at $171,000 after acquiring an additional 2,920 shares during the period. Institutional investors and hedge funds own 88.54% of the company's stock.

About Rambus

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.