Rambus (NASDAQ:RMBS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Rambus Inc. (NASDAQ:RMBS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.25 and traded as high as $57.12. Rambus shares last traded at $57.08, with a volume of 568,515 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Rambus in a research note on Tuesday, October 29th. Robert W. Baird started coverage on Rambus in a research report on Monday, November 25th. They issued an “outperform” rating and a $90.00 price target for the company. Baird R W upgraded Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Loop Capital began coverage on shares of Rambus in a research note on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Wells Fargo & Company began coverage on shares of Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $74.67.

Rambus Stock Performance

The stock has a market cap of $6.08 billion, a P/E ratio of 35.45 and a beta of 1.23. The business has a 50 day simple moving average of $55.10 and a 200-day simple moving average of $50.25.

Insider Activity at Rambus

In related news, Director Meera Rao sold 5,408 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 29,090 shares in the company, valued at approximately $1,693,619.80. This represents a 15.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RMBS. State Street Corp lifted its stake in shares of Rambus by 3.5% during 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Rambus by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock valued at $110,693,000 after purchasing an additional 21,053 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Rambus by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company’s stock valued at $127,248,000 after purchasing an additional 116,976 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Rambus by 9.6% during 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 in the last quarter. Finally, Swedbank AB boosted its stake 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. Hedge funds and other institutional investors 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.