Susquehanna Increases Rambus (NASDAQ:RMBS) Price Target to $70.00

Rambus (NASDAQ:RMBS) had its target price raised by Susquehanna from $66.00 to $70.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target points to a potential upside of 3.32% from the company’s current price.

Several other research firms also recently issued reports on RMBS. Evercore ISI assumed coverage on Rambus in a report on Tuesday. They issued an “outperform” rating and a $71.00 price objective on the stock. Rosenblatt Securities boosted their price objective on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird assumed coverage on Rambus in a report on Monday, November 25th. They set an “outperform” rating and a $90.00 price target on the stock. Loop Capital assumed coverage on Rambus in a report on Monday, November 11th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Baird R W upgraded Rambus to a “strong-buy” rating in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $77.29.

Rambus Trading Up 5.1 %

RMBS stock opened at $67.75 on Tuesday. The company has a market capitalization of $7.22 billion, a PE ratio of 42.08 and a beta of 1.26. Rambus has a 12-month low of $37.42 and a 12-month high of $67.90. The business’s fifty day moving average price is $57.84 and its 200 day moving average price is $50.19.

Insider Transactions at Rambus

In other news, Director Meera Rao sold 5,408 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the transaction, the director now directly owns 29,090 shares of the company’s stock, valued at approximately $1,693,619.80. This represents a 15.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of Rambus

Large investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Rambus by 554.9% in the 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 455 shares during the period. Quarry LP boosted its position in shares of Rambus by 40.3% in the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC boosted its position in shares of Rambus by 207.1% in the 3rd 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. boosted its position in shares of Rambus by 255.9% in 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 during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of Rambus by 58.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,298 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 1,582 shares during the period. 88.54% of the stock is 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.