Rambus (NASDAQ:RMBS) Upgraded at Baird R W

Baird R W upgraded shares of Rambus (NASDAQ:RMBS) to a strong-buy rating in a research report released on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on RMBS. Loop Capital began coverage on Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Rambus in a research note on Tuesday, October 29th. Robert W. Baird began coverage on Rambus in a research note on Monday. They set an “outperform” rating and a $90.00 target price on the stock. Finally, Wells Fargo & Company began coverage on Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $74.67.

Rambus Trading Down 1.1 %

Shares of NASDAQ:RMBS opened at $57.12 on Monday. Rambus has a 12-month low of $37.42 and a 12-month high of $76.38. The business’s fifty day simple moving average is $46.78 and its 200-day simple moving average is $50.37. The company has a market capitalization of $6.09 billion, a PE ratio of 35.48 and a beta of 1.17.

Hedge Funds Weigh In On Rambus

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Rambus by 3.5% in the 3rd quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company’s stock valued at $203,463,000 after buying an additional 164,830 shares during the period. Geode Capital Management LLC raised its holdings in Rambus by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock worth $110,693,000 after purchasing an additional 21,053 shares during the period. Hood River Capital Management LLC raised its holdings in Rambus by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company’s stock worth $127,248,000 after purchasing an additional 116,976 shares during the period. Dimensional Fund Advisors LP raised its holdings in Rambus by 9.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,798,485 shares of the semiconductor company’s stock worth $105,673,000 after purchasing an additional 158,259 shares during the period. Finally, Swedbank AB raised its holdings in Rambus by 12.5% in the 3rd quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company’s stock worth $73,589,000 after purchasing an additional 193,150 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

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.