Rambus (NASDAQ:RMBS) Now Covered by Loop Capital

Stock analysts at Loop Capital began coverage on shares of Rambus (NASDAQ:RMBS) in a research report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $70.00 price target on the semiconductor company’s stock. Loop Capital’s price objective suggests a potential upside of 25.25% from the stock’s current price.

A number of other research firms also recently commented on RMBS. Wells Fargo & Company started coverage on Rambus in a report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Rambus in a research note on Tuesday, October 29th. Finally, Susquehanna cut their price target on shares of Rambus from $75.00 to $66.00 and set a “positive” rating on the stock in a report on Friday, July 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Rambus presently has a consensus rating of “Buy” and an average target price of $71.60.

Rambus Trading Up 0.2 %

RMBS stock traded up $0.11 during mid-day trading on Monday, hitting $55.89. The stock had a trading volume of 750,169 shares, compared to its average volume of 1,566,342. Rambus has a 1-year low of $37.42 and a 1-year high of $76.38. The company has a fifty day moving average of $42.99 and a 200 day moving average of $50.50. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 34.71 and a beta of 1.17.

Institutional Trading of Rambus

Institutional investors and hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC lifted its position in Rambus by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 10,997 shares of the semiconductor company’s stock worth $680,000 after acquiring an additional 229 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 296 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Rambus by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock valued at $1,645,000 after purchasing an additional 318 shares during the period. Russell Investments Group Ltd. grew its holdings in Rambus by 0.7% in the 1st quarter. Russell Investments Group Ltd. now owns 61,712 shares of the semiconductor company’s stock valued at $3,814,000 after buying an additional 423 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Rambus by 11.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,996 shares of the semiconductor company’s stock worth $294,000 after buying an additional 496 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Company Profile

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.