StockNews.com Downgrades Rambus (NASDAQ:RMBS) to Hold

Rambus (NASDAQ:RMBS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also issued reports on RMBS. Rosenblatt Securities upped their price target on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on Rambus in a research report on Monday, February 3rd. Baird R W upgraded shares of Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Loop Capital assumed coverage on shares of Rambus in a research report on Monday, November 11th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $76.71.

Rambus Price Performance

NASDAQ RMBS opened at $52.58 on Wednesday. The firm has a market cap of $5.62 billion, a P/E ratio of 31.67 and a beta of 1.26. The stock’s 50-day moving average is $59.76 and its two-hundred day moving average is $52.06. Rambus has a fifty-two week low of $37.42 and a fifty-two week high of $69.15.

Insider Activity

In other news, Director Meera Rao sold 5,408 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $58.22, for a total transaction of $314,853.76. Following the completion of the sale, the director now owns 29,090 shares of the company’s stock, valued at $1,693,619.80. This represents a 15.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.02, for a total value of $3,559,282.54. Following the transaction, the chief operating officer now owns 93,841 shares of the company’s stock, valued at approximately $6,383,064.82. This trade represents a 35.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,360 shares of company stock valued at $4,182,809 in the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. lifted its position in shares of Rambus by 554.9% in the fourth quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Rambus during the 4th quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ boosted its position in Rambus by 927.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 640 shares during the period. Quarry LP increased its holdings in shares of Rambus by 40.3% in the third 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 last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Rambus by 379.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 891 shares during the period. 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.