Rambus (NASDAQ:RMBS) Stock Price Expected to Rise, Susquehanna Analyst Says

Rambus (NASDAQ:RMBS) had its price target boosted by analysts at Susquehanna from $70.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target points to a potential downside of 0.12% from the company’s previous close.

A number of other brokerages have also issued reports on RMBS. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price target on shares of Rambus in a report on Tuesday, April 29th. Wall Street Zen upgraded Rambus from a “buy” rating to a “strong-buy” rating in a report on Friday, July 18th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.71.

Rambus Stock Performance

Shares of NASDAQ RMBS opened at $75.09 on Tuesday. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 35.42 and a beta of 1.24. The stock has a 50 day moving average price of $61.82 and a 200 day moving average price of $57.56. Rambus has a 52-week low of $37.42 and a 52-week high of $76.07.

Insider Buying and Selling at Rambus

In other news, Director Steven Laub sold 1,847 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $55.12, for a total value of $101,806.64. Following the sale, the director directly owned 9,057 shares in the company, valued at approximately $499,221.84. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Rambus

Large investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new position in shares of Rambus during the first quarter worth $25,000. Tsfg LLC acquired a new position in shares of Rambus during the first quarter worth $26,000. Orion Capital Management LLC acquired a new position in shares of Rambus during the fourth quarter worth $37,000. McIlrath & Eck LLC acquired a new position in shares of Rambus during the first quarter worth $42,000. Finally, Larson Financial Group LLC increased its position in shares of Rambus by 1,260.3% during the first quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 794 shares in the last quarter. 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.