Rambus (NASDAQ:RMBS) Stock Rating Upgraded by Wall Street Zen

Rambus (NASDAQ:RMBS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

Separately, Rosenblatt Securities reissued a "buy" rating and issued a $80.00 target price on shares of Rambus in a research note on Tuesday, April 29th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $75.00.

Rambus Trading Up 0.1%

Shares of RMBS traded up $0.04 on Friday, reaching $68.21. The company's stock had a trading volume of 1,036,753 shares, compared to its average volume of 1,232,391. The firm has a fifty day moving average of $59.95 and a 200-day moving average of $56.90. The stock has a market capitalization of $7.33 billion, a PE ratio of 35.53 and a beta of 1.24. Rambus has a twelve month low of $37.43 and a twelve month high of $69.43.

Insiders Place Their Bets

In other news, CEO Luc Seraphin sold 6,348 shares of Rambus stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $46.97, for a total transaction of $298,165.56. Following the completion of the sale, the chief executive officer directly owned 319,241 shares in the company, valued at $14,994,749.77. The trade was a 1.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Laub sold 1,847 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $55.12, for a total transaction of $101,806.64. Following the transaction, the director directly owned 9,057 shares of the company's stock, valued at approximately $499,221.84. This represents a 16.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,848 shares of company stock valued at $602,933. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RMBS. Banque Cantonale Vaudoise acquired a new stake in shares of Rambus in the first quarter valued at approximately $25,000. Tsfg LLC bought a new position in Rambus during the 1st quarter worth $26,000. Orion Capital Management LLC bought a new stake in shares of Rambus in the fourth quarter valued at approximately $37,000. McIlrath & Eck LLC acquired a new stake in shares of Rambus during the 1st quarter worth $42,000. Finally, Larson Financial Group LLC raised its position in shares of Rambus by 1,260.3% in the 1st quarter. Larson Financial Group LLC now owns 857 shares of the semiconductor company's stock valued at $44,000 after buying an additional 794 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

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.