Robert W. Baird Initiates Coverage on Rambus (NASDAQ:RMBS)

Analysts at Robert W. Baird initiated coverage on shares of Rambus (NASDAQ:RMBS) in a note issued to investors on Monday,Benzinga reports. The firm set an “outperform” rating and a $90.00 price target on the semiconductor company’s stock. Robert W. Baird’s price target indicates a potential upside of 58.20% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Loop Capital began coverage on shares of Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $74.67.

Rambus Price Performance

Shares of RMBS stock traded up $0.93 during trading hours on Monday, reaching $56.89. The stock had a trading volume of 1,425,061 shares, compared to its average volume of 1,530,627. The firm has a 50-day simple moving average of $45.68 and a 200-day simple moving average of $50.31. The firm has a market capitalization of $6.06 billion, a PE ratio of 35.34 and a beta of 1.17. Rambus has a twelve month low of $37.42 and a twelve month high of $76.38.

Institutional Trading of Rambus

A number of hedge funds have recently bought and sold shares of RMBS. Advisors Asset Management Inc. boosted its holdings in shares of 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 buying an additional 2,881 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Rambus by 31.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,742 shares of the semiconductor company’s stock valued at $540,000 after buying an additional 2,103 shares during the last quarter. Tidal Investments LLC boosted its stake 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 lifted its holdings in shares of Rambus by 51.3% during the first 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 in the last quarter. Institutional investors own 88.54% of the company’s stock.

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.