Rambus, Inc. (NASDAQ:RMBS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Rambus, Inc. (NASDAQ:RMBS) have been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $139.7778.

RMBS has been the subject of a number of recent analyst reports. Glj Research set a $165.00 price objective on shares of Rambus in a research report on Tuesday, July 28th. Jefferies Financial Group increased their price objective on shares of Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird cut shares of Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research note on Friday, June 5th. Finally, Benchmark reaffirmed a “buy” rating on shares of Rambus in a report on Tuesday, July 28th.

Rambus Price Performance

NASDAQ RMBS opened at $96.42 on Wednesday. Rambus has a 1 year low of $67.15 and a 1 year high of $174.10. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.88. The company has a fifty day moving average price of $116.95 and a 200-day moving average price of $113.78.

Insiders Place Their Bets

In other Rambus news, Director Eric B. Stang sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $146.00, for a total value of $730,000.00. Following the transaction, the director owned 19,218 shares of the company’s stock, valued at approximately $2,805,828. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $170.15, for a total value of $850,750.00. Following the completion of the transaction, the director owned 18,223 shares of the company’s stock, valued at $3,100,643.45. This trade represents a 21.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 62,914 shares of company stock valued at $9,724,775. 0.75% of the stock is owned by insiders.

Institutional Trading of Rambus

Large investors have recently added to or reduced their stakes in the stock. Callan Family Office LLC bought a new stake in Rambus in the second quarter worth about $430,000. Keebeck Wealth Management purchased a new position in Rambus in the second quarter valued at about $825,000. Allworth Financial LP bought a new position in shares of Rambus during the 2nd quarter valued at approximately $245,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Rambus during the 2nd quarter valued at approximately $2,957,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Rambus during the 2nd quarter worth approximately $917,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

About Rambus

Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.

Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.