Shares of Rambus Inc. (NASDAQ:RMBS – Get Free Report) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $76.71.
A number of equities analysts have recently weighed in on RMBS shares. Susquehanna upped their target price on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. StockNews.com upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. 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 target price for the company. Baird R W raised shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Finally, Robert W. Baird set a $90.00 price objective on Rambus in a report on Monday, February 3rd.
Get Our Latest Research Report on RMBS
Insider Activity at Rambus
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Rambus by 442.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,449,128 shares of the semiconductor company’s stock valued at $288,042,000 after acquiring an additional 4,445,146 shares during the period. Invesco Ltd. boosted its stake in Rambus by 72.1% during the 4th quarter. Invesco Ltd. now owns 4,999,748 shares of the semiconductor company’s stock valued at $264,287,000 after purchasing an additional 2,093,953 shares during the period. Norges Bank acquired a new stake in Rambus in the 4th quarter valued at approximately $94,368,000. Raymond James Financial Inc. acquired a new stake in Rambus in the 4th quarter valued at approximately $51,500,000. Finally, Congress Asset Management Co. bought a new position in Rambus in the 4th quarter worth approximately $45,778,000. Institutional investors own 88.54% of the company’s stock.
Rambus Trading Up 0.8 %
NASDAQ:RMBS opened at $53.30 on Wednesday. The business’s fifty day moving average price is $59.80 and its 200 day moving average price is $52.05. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 32.11 and a beta of 1.26. Rambus has a 1-year low of $37.42 and a 1-year high of $69.15.
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.
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