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

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

Several other equities research analysts have also commented on RMBS. Robert W. Baird started coverage on Rambus in a research note on Monday. They set an “outperform” rating and a $90.00 price objective for the company. Loop Capital started coverage on Rambus in a research note on Monday, November 11th. They set a “buy” rating and a $70.00 price objective for the company. 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. Finally, Wells Fargo & Company started coverage on Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 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 currently has an average rating of “Buy” and an average price target of $74.67.

Rambus Trading Down 1.1 %

NASDAQ RMBS opened at $57.12 on Monday. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 35.48 and a beta of 1.17. Rambus has a twelve month low of $37.42 and a twelve month high of $76.38. The stock has a 50-day moving average of $46.78 and a 200 day moving average of $50.37.

Institutional Investors Weigh In On Rambus

Large investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Rambus in the second quarter valued at approximately $38,000. Fifth Third Bancorp lifted its holdings in Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Blue Trust Inc. lifted its holdings in Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Rambus in the second quarter valued at approximately $87,000. Finally, GAMMA Investing LLC lifted its holdings in Rambus by 207.1% in the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 1,769 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other 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.