StockNews.com downgraded shares of Rambus (NASDAQ:RMBS – Free Report) from a buy rating to a hold rating in a research report released on Monday morning.
Other equities analysts have also issued research reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 price target on shares of Rambus in a research report on Tuesday, April 29th. Robert W. Baird set a $90.00 price target on Rambus in a report on Monday, February 3rd. Evercore ISI started coverage on Rambus in a research note on Tuesday, February 4th. They set an “outperform” rating and a $71.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Susquehanna upped their price objective on Rambus from $66.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $75.00.
View Our Latest Analysis on RMBS
Rambus Stock Performance
Insider Activity
In other Rambus news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total transaction of $537,900.00. Following the completion of the transaction, the chief executive officer now directly owns 316,931 shares of the company’s stock, valued at approximately $17,047,718.49. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Xianzhi Sean Fan sold 52,327 shares of Rambus stock in a transaction 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 transaction, the chief operating officer now owns 93,841 shares in the company, valued at approximately $6,383,064.82. This trade represents a 35.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,300 shares of company stock valued at $6,745,221. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Rambus
Hedge funds and other institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new position in shares of Rambus in the 1st quarter valued at $25,000. Tsfg LLC acquired a new stake in shares of Rambus in the first quarter worth $26,000. UMB Bank n.a. grew its holdings in shares of Rambus by 554.9% during 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 in the last quarter. Orion Capital Management LLC purchased a new stake in Rambus in the 4th quarter worth about $37,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Rambus by 927.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 640 shares during the period. 88.54% of the stock is currently 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.
Featured Articles
- Five stocks we like better than Rambus
- How to Short a Stock in 5 Easy StepsĀ
- UnitedHealth Insiders Double Down: Is UNH Stock a Value Play?
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- What Ray Dalio’s Latest Moves Tell Investors
- Why Are These Companies Considered Blue Chips?
- Amazon: Why May Is the Last Month to Get the Stock at a Discount
Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.