Rambus (NASDAQ:RMBS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Analysts at Robert W. Baird have increased their price target for Rambus (NASDAQ:RMBS) from $90.00 to $120.00, indicating a potential upside of 23.32% from the previous close.
• Rambus is currently rated as a "strong buy" by two analysts and has an average rating of "buy" across several reports, with a consensus target price of $83.13.
• Recent insider transactions saw a director selling 20,186 shares in total, reducing their overall holdings in the company.

Rambus (NASDAQ:RMBS - Get Free Report) had its price objective upped by research analysts at Robert W. Baird from $90.00 to $120.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the semiconductor company's stock. Robert W. Baird's price target would suggest a potential upside of 23.32% from the stock's previous close.

Other research analysts have also issued reports about the stock. Arete Research upgraded shares of Rambus to a "strong-buy" rating in a research note on Thursday, August 28th. Arete upgraded shares of Rambus from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a research note on Thursday, August 28th. Wall Street Zen lowered shares of Rambus from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Jefferies Financial Group boosted their target price 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, Susquehanna lifted their price target on shares of Rambus from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $83.13.

Rambus Price Performance

RMBS traded up $11.28 during trading on Monday, hitting $97.31. 1,269,952 shares of the stock traded hands, compared to its average volume of 1,107,732. The firm has a market capitalization of $10.47 billion, a P/E ratio of 45.93 and a beta of 1.38. The firm has a 50-day moving average of $71.82 and a 200 day moving average of $60.35. Rambus has a 12-month low of $38.01 and a 12-month high of $97.69.

Insider Transactions at Rambus

In other news, Director Necip Sayiner sold 7,500 shares of Rambus stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.53, for a total transaction of $551,475.00. Following the transaction, the director owned 38,324 shares in the company, valued at $2,817,963.72. The trade was a 16.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Meera Rao sold 3,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $71.72, for a total transaction of $215,160.00. Following the completion of the sale, the director owned 29,914 shares in the company, valued at approximately $2,145,432.08. This trade represents a 9.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,186 shares of company stock worth $1,575,766 in the last quarter. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Rambus

A number of institutional investors and hedge funds have recently made changes to their positions in RMBS. Osaic Holdings Inc. boosted its holdings in Rambus by 37.1% in the second quarter. Osaic Holdings Inc. now owns 11,620 shares of the semiconductor company's stock valued at $702,000 after purchasing an additional 3,146 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in Rambus in the second quarter valued at approximately $299,000. Thrivent Financial for Lutherans boosted its holdings in Rambus by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 25,291 shares of the semiconductor company's stock valued at $1,619,000 after purchasing an additional 303 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Rambus by 41.0% in the second quarter. Westwood Holdings Group Inc. now owns 1,737,062 shares of the semiconductor company's stock valued at $111,207,000 after purchasing an additional 504,852 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Rambus by 132.9% in the second quarter. Tower Research Capital LLC TRC now owns 15,601 shares of the semiconductor company's stock valued at $999,000 after purchasing an additional 8,902 shares in the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

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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