Rambus, Inc. (NASDAQ:RMBS) Given Average Rating of "Buy" by Analysts

Key Points

• Rambus, Inc. is rated with a consensus recommendation of "Buy", with 11 brokerages covering the stock, including two strong buy ratings and two hold ratings.
• The average target price for Rambus shares among analysts is $96.63, with notable increases from several investment firms to as high as $130.00.
• Insider selling has occurred recently, with directors selling over 29,000 shares worth approximately $2.47 million, reducing insider ownership to about 1% of the company.

Rambus, Inc. (NASDAQ:RMBS - Get Free Report) has been given a consensus recommendation of "Buy" by the eleven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $96.6250.

RMBS has been the topic of several recent research reports. Arete Research upgraded Rambus to a "strong-buy" rating in a research report on Thursday, August 28th. Robert W. Baird raised their target price on shares of Rambus from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Susquehanna set a $100.00 target price on shares of Rambus and gave the stock a "neutral" rating in a research note on Monday, October 6th. Jefferies Financial Group increased their price target on shares of Rambus from $69.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Rosenblatt Securities boosted their price objective on shares of Rambus from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th.

Insiders Place Their Bets

In related news, Director Emiko Higashi sold 1,111 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.00, for a total transaction of $83,325.00. Following the completion of the transaction, the director owned 63,371 shares in the company, valued at $4,752,825. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Meera Rao sold 3,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $71.72, for a total value of $215,160.00. Following the completion of the sale, the director directly owned 29,914 shares of the company's stock, valued at $2,145,432.08. The trade was a 9.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,913 shares of company stock worth $2,474,452. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rambus

A number of large investors have recently modified their holdings of RMBS. Abound Wealth Management bought a new position in Rambus in the third quarter worth about $28,000. True Wealth Design LLC grew its holdings in shares of Rambus by 162.5% during the 2nd quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 260 shares during the period. Bessemer Group Inc. raised its position in shares of Rambus by 105.8% in the 2nd quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 238 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Rambus in the 1st quarter worth approximately $25,000. Finally, Tsfg LLC purchased a new position in shares of Rambus in the 1st quarter valued at approximately $26,000. Institutional investors own 88.54% of the company's stock.

Rambus Trading Up 2.5%

Shares of NASDAQ:RMBS opened at $97.22 on Thursday. The stock has a market capitalization of $10.46 billion, a P/E ratio of 45.86 and a beta of 1.46. The stock's 50-day moving average price is $86.64 and its 200-day moving average price is $67.47. Rambus has a 12-month low of $40.12 and a 12-month high of $109.15.

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.

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