Rambus (NASDAQ:RMBS) Now Covered by Robert W. Baird

Robert W. Baird initiated coverage on shares of Rambus (NASDAQ:RMBS) in a research note released on Monday,Benzinga reports. The brokerage issued an outperform rating and a $90.00 target price on the semiconductor company’s stock.

RMBS has been the topic of a number of other research reports. Loop Capital assumed coverage on shares of Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Rambus in a research note on Tuesday, October 29th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $74.67.

Rambus Stock Up 1.7 %

RMBS opened at $56.89 on Monday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 35.34 and a beta of 1.17. The firm’s 50 day moving average is $45.68 and its 200-day moving average is $50.31. Rambus has a 52-week low of $37.42 and a 52-week high of $76.38.

Institutional Trading of Rambus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in shares of Rambus by 386.3% in the second quarter. Assenagon Asset Management S.A. now owns 288,363 shares of the semiconductor company’s stock worth $16,944,000 after buying an additional 229,066 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Rambus by 32.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,462,932 shares of the semiconductor company’s stock worth $61,765,000 after buying an additional 357,160 shares during the last quarter. Swedbank AB increased its stake in shares of Rambus by 56.1% in the second quarter. Swedbank AB now owns 1,549,850 shares of the semiconductor company’s stock worth $91,069,000 after buying an additional 556,850 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Rambus by 559.4% in the second quarter. Harbor Capital Advisors Inc. now owns 18,939 shares of the semiconductor company’s stock worth $1,113,000 after buying an additional 16,067 shares during the last quarter. Finally, Comerica Bank increased its stake in Rambus by 51.3% during the first quarter. Comerica Bank now owns 69,395 shares of the semiconductor company’s stock valued at $4,289,000 after purchasing an additional 23,526 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

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.