Rambus (NASDAQ:RMBS) Earns Outperform Rating from Analysts at Robert W. Baird

Analysts at Robert W. Baird began coverage on shares of Rambus (NASDAQ:RMBS) in a note issued to investors on Monday, Marketbeat reports. The brokerage set an “outperform” rating and a $90.00 price target on the semiconductor company’s stock. Robert W. Baird’s price target points to a potential upside of 55.79% from the stock’s previous close.

A number of other brokerages also recently issued reports on RMBS. Wells Fargo & Company started coverage on Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Rambus in a research report on Tuesday, October 29th. Finally, Loop Capital began coverage on Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $74.67.

Rambus Stock Up 1.5 %

NASDAQ RMBS opened at $57.77 on Monday. Rambus has a 52 week low of $37.42 and a 52 week high of $76.38. The company has a 50 day moving average price of $46.41 and a 200 day moving average price of $50.32. The firm has a market cap of $6.16 billion, a PE ratio of 35.88 and a beta of 1.17.

Institutional Trading of Rambus

Large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Rambus during the second quarter worth about $38,000. Fifth Third Bancorp increased its stake in shares of Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 296 shares during the period. Blue Trust Inc. increased its stake in shares of Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 806 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Rambus during the second quarter valued at $87,000. Finally, GAMMA Investing LLC lifted its position in Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 1,769 shares during the period. Hedge funds and other institutional investors 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.