Rambus Inc. (NASDAQ:RMBS) Receives $74.67 Average Target Price from Analysts

Rambus Inc. (NASDAQ:RMBS) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.67.

Several research firms have commented on RMBS. Loop Capital began coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Robert W. Baird initiated coverage on shares of Rambus in a research report on Monday. They issued an “outperform” rating and a $90.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company initiated coverage on shares of Rambus in a report on Wednesday, November 6th. They issued an “overweight” rating and a $62.00 price objective for the company.

Rambus Trading Down 1.1 %

NASDAQ RMBS opened at $57.12 on Monday. Rambus has a 52 week low of $37.42 and a 52 week high of $76.38. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 35.48 and a beta of 1.17. The company has a 50-day moving average price of $46.78 and a two-hundred day moving average price of $50.37.

Institutional Trading of Rambus

A number of large investors have recently added to or reduced their stakes in RMBS. CANADA LIFE ASSURANCE Co boosted its holdings in Rambus by 0.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 90,341 shares of the semiconductor company’s stock worth $5,585,000 after buying an additional 779 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Rambus by 62.1% during the first quarter. Advisors Asset Management Inc. now owns 7,524 shares of the semiconductor company’s stock worth $465,000 after buying an additional 2,881 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Rambus by 10.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,056,350 shares of the semiconductor company’s stock worth $65,294,000 after buying an additional 104,050 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Rambus by 31.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,742 shares of the semiconductor company’s stock worth $540,000 after buying an additional 2,103 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Rambus by 136.5% during the first quarter. Tidal Investments LLC now owns 25,082 shares of the semiconductor company’s stock worth $1,550,000 after buying an additional 14,475 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

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.