Rambus, Inc. (NASDAQ:RMBS) Receives $77.71 Average Target Price from Brokerages

Rambus, Inc. (NASDAQ:RMBS) has received an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $77.7143.

RMBS has been the topic of several recent research reports. Susquehanna increased their price objective on Rambus from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, July 29th. Rosenblatt Securities increased their price objective on Rambus from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Jefferies Financial Group increased their price objective on Rambus from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Rambus from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Insider Activity at Rambus

In other news, Director Steven Laub sold 3,653 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $55.56, for a total value of $202,960.68. Following the completion of the transaction, the director owned 10,904 shares in the company, valued at $605,826.24. This trade represents a 25.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new stake in shares of Rambus in the 1st quarter worth $25,000. Tsfg LLC bought a new stake in shares of Rambus in the 1st quarter worth $26,000. Bessemer Group Inc. grew its holdings in shares of Rambus by 105.8% in the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 238 shares during the period. Orion Capital Management LLC bought a new stake in shares of Rambus in the fourth quarter worth $37,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Rambus by 1,386.0% in the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 596 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Rambus Stock Up 4.6%

NASDAQ:RMBS opened at $75.73 on Friday. The business’s 50-day moving average price is $62.58 and its two-hundred day moving average price is $57.77. Rambus has a twelve month low of $37.42 and a twelve month high of $76.07. The stock has a market cap of $8.15 billion, a P/E ratio of 35.72 and a beta of 1.28.

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.