StockNews.com Upgrades Rambus (NASDAQ:RMBS) to "Buy"

StockNews.com upgraded shares of Rambus (NASDAQ:RMBS - Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Several other research firms also recently weighed in on RMBS. Rosenblatt Securities lifted their price objective on Rambus from $85.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Baird R W raised shares of Rambus to a "strong-buy" rating in a research report on Monday, November 25th. Robert W. Baird began coverage on shares of Rambus in a report on Monday, November 25th. They set an "outperform" rating and a $90.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Rambus from $62.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, Susquehanna increased their target price on Rambus from $66.00 to $70.00 and gave the company a "positive" rating in a research report on Tuesday, February 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, 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 during midday trading on Wednesday, hitting $67.00. The stock had a trading volume of 1,315,431 shares, compared to its average volume of 1,060,561. Rambus has a one year low of $37.42 and a one year high of $69.15. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 40.36 and a beta of 1.26. The stock has a 50-day moving average of $58.44 and a 200 day moving average of $50.37.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of the business's stock in a transaction dated 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 approximately $1,693,619.80. The trade was a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Trading of Rambus

Institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in Rambus during the 2nd quarter valued at about $240,000. SG Americas Securities LLC lifted its holdings in shares of Rambus by 249.7% during the third quarter. SG Americas Securities LLC now owns 31,419 shares of the semiconductor company's stock worth $1,327,000 after purchasing an additional 22,435 shares during the period. Handelsbanken Fonder AB increased its holdings in Rambus by 33.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 32,397 shares of the semiconductor company's stock worth $1,368,000 after buying an additional 8,200 shares during the period. GAMMA Investing LLC increased its holdings in Rambus by 207.1% in the 3rd 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 during the period. Finally, Diversified Trust Co raised its position in Rambus by 4.3% during the 3rd quarter. Diversified Trust Co now owns 27,049 shares of the semiconductor company's stock worth $1,142,000 after buying an additional 1,106 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

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.