Brokerages Set Rambus Inc. (NASDAQ:RMBS) PT at $76.71

Shares of Rambus Inc. (NASDAQ:RMBS) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $76.71.

RMBS has been the topic of several analyst reports. Loop Capital started coverage on shares of Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 target price on the stock. Evercore ISI started coverage on Rambus in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price target on the stock. StockNews.com downgraded Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Rosenblatt Securities raised their price target on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird set a $90.00 target price on shares of Rambus in a research note on Monday, February 3rd.

Rambus Price Performance

Rambus stock opened at $54.88 on Wednesday. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 33.06 and a beta of 1.25. Rambus has a one year low of $37.42 and a one year high of $69.15. The company’s fifty day moving average price is $59.77 and its two-hundred day moving average price is $52.19.

Insider Transactions at Rambus

In related news, Director Necip Sayiner sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares of the company’s stock, valued at $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total transaction of $3,559,282.54. Following the sale, the chief operating officer now directly owns 93,841 shares of the company’s stock, valued at $6,383,064.82. This represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,360 shares of company stock valued at $4,182,809. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Rambus

A number of institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. boosted its position in shares of Rambus by 32.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock worth $61,765,000 after purchasing an additional 357,160 shares in the last quarter. SG Americas Securities LLC lifted its position in Rambus by 1,657.4% in the 4th quarter. SG Americas Securities LLC now owns 552,173 shares of the semiconductor company’s stock valued at $29,188,000 after acquiring an additional 520,754 shares in the last quarter. World Investment Advisors LLC bought a new stake in Rambus in the 3rd quarter valued at $989,000. Campbell Newman Asset Management Inc. lifted its position in Rambus by 72.2% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 39,046 shares of the semiconductor company’s stock valued at $2,064,000 after acquiring an additional 16,376 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Rambus in the 3rd quarter valued at $2,077,000. Institutional investors and hedge funds 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.