Rambus, Inc. (NASDAQ:RMBS) Receives $93.50 Average Price Target from Analysts

Key Points

• Rambus, Inc. has received a consensus rating of "Buy" from ten analysts, with an average 12-month price target of $93.50.
• Recent upgrades include a positive rating and a price target increase by Susquehanna from $70.00 to $75.00, while Robert W. Baird raised its target from $90.00 to $120.00.
• Insiders have sold several shares recently, with 1.00% of the stock owned by corporate insiders, which could indicate a shift in confidence among executives.

Rambus, Inc. (NASDAQ:RMBS - Get Free Report) has earned a consensus recommendation of "Buy" from the ten research firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $93.50.

A number of research analysts have recently commented on RMBS shares. Rosenblatt Securities raised their price target on Rambus from $90.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Wall Street Zen downgraded Rambus from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Arete Research raised Rambus to a "strong-buy" rating in a research note on Thursday, August 28th. Susquehanna raised their target price on Rambus from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, July 29th. Finally, Robert W. Baird lifted their price objective on Rambus from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Monday, September 15th.

Rambus Price Performance

Shares of RMBS stock traded down $4.99 on Friday, hitting $101.95. 1,851,373 shares of the stock traded hands, compared to its average volume of 1,226,928. The company has a market capitalization of $10.97 billion, a PE ratio of 48.00 and a beta of 1.38. Rambus has a 1-year low of $38.15 and a 1-year high of $109.15. The company's fifty day moving average is $76.23 and its 200 day moving average is $62.33.

Insiders Place Their Bets

In other news, Director Emiko Higashi sold 1,075 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $77.75, for a total transaction of $83,581.25. Following the completion of the sale, the director owned 62,296 shares in the company, valued at $4,843,514. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meera Rao sold 3,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $71.72, for a total value of $215,160.00. Following the completion of the sale, the director owned 29,914 shares of the company's stock, valued at $2,145,432.08. This represents a 9.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,260 shares of company stock worth $2,407,852 over the last ninety days. Company insiders own 1.00% of the company's stock.

Institutional Trading of Rambus

Several institutional investors and hedge funds have recently bought and sold shares of RMBS. True Wealth Design LLC increased its stake in shares of Rambus by 162.5% during the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 260 shares during the period. Bessemer Group Inc. increased its stake in Rambus by 105.8% during 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 during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Rambus in the 1st quarter valued at $25,000. Tsfg LLC acquired a new stake in shares of Rambus in the 1st quarter valued at $26,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Rambus by 1,386.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 596 shares in the last quarter. Institutional investors own 88.54% of the company's stock.

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.