Rambus (NASDAQ:RMBS – Get Free Report) had its price objective raised by equities researchers at Rosenblatt Securities from $85.00 to $92.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price suggests a potential upside of 52.44% from the company’s current price.
Several other research firms have also recently commented on RMBS. Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. Robert W. Baird started coverage on shares of Rambus in a report on Monday, November 25th. They issued an “outperform” rating and a $90.00 target price for the company. Loop Capital started 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 began coverage on shares of Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $75.83.
View Our Latest Stock Report on Rambus
Rambus Trading Down 2.1 %
Insider Activity
In related news, Director Meera Rao sold 5,408 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the completion of the sale, the director now directly owns 29,090 shares in the company, valued at approximately $1,693,619.80. This represents a 15.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Rambus
Large investors have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in Rambus by 554.9% during the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 455 shares in the last quarter. Quarry LP lifted its position in shares of Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 264 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Rambus by 207.1% in 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. Blue Trust Inc. grew its holdings in Rambus by 255.9% during the 3rd quarter. Blue Trust Inc. now owns 4,061 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Rambus by 58.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock worth $181,000 after buying an additional 1,582 shares during the period. 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.
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