Rambus (NASDAQ:RMBS) Now Covered by Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of Rambus (NASDAQ:RMBS) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $90.00 price objective on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Rambus in a report on Tuesday, October 29th. Loop Capital started coverage on Rambus in a report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Wells Fargo & Company began coverage on Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target for the company. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $74.67.

Rambus Stock Performance

Shares of Rambus stock opened at $57.12 on Monday. The company has a market capitalization of $6.09 billion, a P/E ratio of 35.48 and a beta of 1.17. Rambus has a 1 year low of $37.42 and a 1 year high of $76.38. The company’s fifty day moving average is $47.14 and its two-hundred day moving average is $50.42.

Institutional Trading of Rambus

Hedge funds have recently modified their holdings of the business. Quarry LP purchased a new position in Rambus in the second quarter worth $38,000. Fifth Third Bancorp grew its stake in shares of Rambus by 68.7% during the 2nd quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 296 shares during the period. Blue Trust Inc. increased its holdings in shares of Rambus by 240.6% in the 2nd quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Rambus in the 2nd quarter valued at about $87,000. Finally, GAMMA Investing LLC lifted its stake in shares of Rambus by 207.1% in the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 1,769 shares during the period. 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.