Rambus (NASDAQ:RMBS) Upgraded to Strong-Buy at Baird R W

Baird R W upgraded shares of Rambus (NASDAQ:RMBS) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Robert W. Baird initiated coverage on shares of Rambus in a research note on Monday. They set an “outperform” rating and a $90.00 price objective on the stock. Wells Fargo & Company began coverage on Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Rambus in a research report on Tuesday, October 29th. Finally, Loop Capital assumed coverage on shares of Rambus in a report on Monday, November 11th. They set a “buy” rating and a $70.00 price objective for the company. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Rambus presently has an average rating of “Buy” and an average target price of $74.67.

Rambus Trading Up 1.5 %

Shares of RMBS opened at $57.77 on Monday. Rambus has a 1-year low of $37.42 and a 1-year high of $76.38. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 35.88 and a beta of 1.17. The firm’s 50-day moving average price is $46.41 and its 200-day moving average price is $50.32.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Rambus by 3.5% in the 3rd quarter. State Street Corp now owns 4,819,125 shares of the semiconductor company’s stock worth $203,463,000 after purchasing an additional 164,830 shares in the last quarter. Geode Capital Management LLC grew its holdings in Rambus by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,621,342 shares of the semiconductor company’s stock valued at $110,693,000 after purchasing an additional 21,053 shares during the period. Hood River Capital Management LLC increased its position in Rambus by 5.7% in the second quarter. Hood River Capital Management LLC now owns 2,165,548 shares of the semiconductor company’s stock worth $127,248,000 after buying an additional 116,976 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Rambus by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,798,485 shares of the semiconductor company’s stock worth $105,673,000 after buying an additional 158,259 shares during the period. Finally, Swedbank AB lifted its position in shares of Rambus by 12.5% during the 3rd quarter. Swedbank AB now owns 1,743,000 shares of the semiconductor company’s stock valued at $73,589,000 after buying an additional 193,150 shares in the last quarter. 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.