Rambus, Inc. (NASDAQ:RMBS) Receives Consensus Rating of "Buy" from Brokerages

Rambus, Inc. (NASDAQ:RMBS - Get Free Report) has received a consensus rating of "Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $75.00.

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Rosenblatt Securities reissued a "buy" rating and issued a $80.00 price target on shares of Rambus in a report on Tuesday, April 29th.

Insider Buying and Selling

In other Rambus news, CEO Luc Seraphin sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.79, for a total transaction of $477,900.00. Following the transaction, the chief executive officer directly owned 326,844 shares in the company, valued at $15,619,874.76. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Laub sold 3,653 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $55.56, for a total transaction of $202,960.68. Following the transaction, the director owned 10,904 shares in the company, valued at $605,826.24. The trade was a 25.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,848 shares of company stock worth $1,080,833 over the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Rambus in the first quarter worth approximately $25,000. Tsfg LLC purchased a new stake in Rambus in the first quarter worth $26,000. Orion Capital Management LLC purchased a new stake in Rambus in the fourth quarter worth $37,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Rambus by 927.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 709 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 640 shares during the period. Finally, McIlrath & Eck LLC purchased a new stake in Rambus in the first quarter worth $42,000. Institutional investors own 88.54% of the company's stock.

Rambus Stock Performance

Shares of NASDAQ RMBS traded up $0.49 during midday trading on Tuesday, reaching $65.67. The stock had a trading volume of 20,042 shares, compared to its average volume of 1,243,579. Rambus has a twelve month low of $37.43 and a twelve month high of $69.15. The company's 50 day moving average price is $57.21 and its 200 day moving average price is $56.22. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 34.20 and a beta of 1.24.

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.