Rambus (NASDAQ:RMBS) Upgraded by Baird R W to Strong-Buy Rating

Rambus (NASDAQ:RMBS - Get Free Report) was upgraded by Baird R W to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. Loop Capital started coverage on Rambus in a research note on Monday, November 11th. They issued a "buy" rating and a $70.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Wells Fargo & Company started coverage on Rambus in a report on Wednesday, November 6th. They issued an "overweight" rating and a $62.00 price objective for the company. Finally, Robert W. Baird started coverage on Rambus in a report on Monday. They issued an "outperform" rating and a $90.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $74.67.

Rambus Price Performance

NASDAQ RMBS traded down $0.65 during trading on Monday, reaching $57.12. The company's stock had a trading volume of 728,282 shares, compared to its average volume of 1,528,253. The stock has a market capitalization of $6.09 billion, a PE ratio of 35.88 and a beta of 1.17. The firm has a fifty day moving average of $46.41 and a 200 day moving average of $50.32. Rambus has a one year low of $37.42 and a one year high of $76.38.

Institutional Investors Weigh In On Rambus

Several institutional investors have recently bought and sold shares of RMBS. Advisors Asset Management Inc. boosted its holdings in Rambus by 62.1% during the 1st quarter. Advisors Asset Management Inc. now owns 7,524 shares of the semiconductor company's stock valued at $465,000 after acquiring an additional 2,881 shares during the period. Price T Rowe Associates Inc. MD raised its position in Rambus by 10.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,056,350 shares of the semiconductor company's stock valued at $65,294,000 after purchasing an additional 104,050 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Rambus by 31.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,742 shares of the semiconductor company's stock valued at $540,000 after purchasing an additional 2,103 shares during the last quarter. Tidal Investments LLC raised its position in Rambus by 136.5% during the 1st quarter. Tidal Investments LLC now owns 25,082 shares of the semiconductor company's stock valued at $1,550,000 after purchasing an additional 14,475 shares during the last quarter. Finally, Comerica Bank raised its position in Rambus by 51.3% during the 1st quarter. Comerica Bank now owns 69,395 shares of the semiconductor company's stock valued at $4,289,000 after purchasing an additional 23,526 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other 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.