Brokerages Set Rambus Inc. (NASDAQ:RMBS) PT at $75.00

Shares of Rambus Inc. (NASDAQ:RMBS - Get Free Report) have been given a consensus rating of "Buy" by the seven brokerages that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $75.00.

A number of equities analysts recently weighed in on RMBS shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $80.00 price objective on shares of Rambus in a research report on Tuesday, April 29th. Wall Street Zen lowered Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.

Rambus Trading Up 3.9%

Rambus stock traded up $2.27 during mid-day trading on Friday, hitting $60.37. The company's stock had a trading volume of 967,507 shares, compared to its average volume of 1,267,269. The firm has a market capitalization of $6.48 billion, a PE ratio of 36.37 and a beta of 1.20. Rambus has a 1 year low of $37.43 and a 1 year high of $69.15. The stock's fifty day moving average is $52.39 and its two-hundred day moving average is $55.65.

Insider Activity

In other news, CEO Luc Seraphin sold 10,000 shares of Rambus stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $53.79, for a total value of $537,900.00. Following the completion of the transaction, the chief executive officer now owns 316,931 shares in the company, valued at approximately $17,047,718.49. This trade represents a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven Laub sold 3,653 shares of Rambus stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $55.56, for a total value of $202,960.68. Following the completion of the transaction, the director now owns 10,904 shares of the company's stock, valued at $605,826.24. The trade was a 25.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,848 shares of company stock valued at $3,182,033. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rambus by 448.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,968 shares of the semiconductor company's stock worth $215,000 after purchasing an additional 3,245 shares during the last quarter. Empowered Funds LLC lifted its holdings in Rambus by 160.3% during the 4th quarter. Empowered Funds LLC now owns 16,967 shares of the semiconductor company's stock worth $897,000 after buying an additional 10,450 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Rambus by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 106,164 shares of the semiconductor company's stock worth $5,612,000 after buying an additional 24,723 shares during the last quarter. Rhumbline Advisers lifted its holdings in Rambus by 0.8% during the 4th quarter. Rhumbline Advisers now owns 331,966 shares of the semiconductor company's stock worth $17,548,000 after buying an additional 2,762 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Rambus by 2.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company's stock worth $472,000 after buying an additional 246 shares during the last quarter. Hedge funds and other 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.