Rambus (NASDAQ:RMBS) Stock Rating Lowered by StockNews.com

Rambus (NASDAQ:RMBS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities raised their target price on Rambus from $85.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Evercore ISI assumed coverage on Rambus in a research note on Tuesday, February 4th. They issued an “outperform” rating and a $71.00 price objective on the stock. Baird R W raised Rambus to a “strong-buy” rating in a research note on Monday, November 25th. Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Susquehanna lifted their price target on shares of Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $76.71.

Rambus Trading Down 2.5 %

NASDAQ RMBS opened at $52.58 on Wednesday. The firm’s 50 day simple moving average is $59.76 and its 200 day simple moving average is $52.06. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 31.67 and a beta of 1.26. Rambus has a 1 year low of $37.42 and a 1 year high of $69.15.

Insider Activity

In other Rambus news, COO Xianzhi Sean Fan sold 52,327 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $68.02, for a total value of $3,559,282.54. Following the completion of the transaction, the chief operating officer now directly owns 93,841 shares in the company, valued at approximately $6,383,064.82. This represents a 35.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total transaction 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 trade represents a 15.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,360 shares of company stock valued at $4,182,809. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors 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 4th quarter. UMB Bank n.a. now owns 537 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 455 shares during the period. Orion Capital Management LLC bought a new position in Rambus during the fourth quarter worth $37,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 640 shares during the period. Quarry LP boosted its position in Rambus by 40.3% during the third quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 264 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Rambus by 379.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,126 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 891 shares during the period. 88.54% of the stock is owned by institutional investors.

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.