Rambus (NASDAQ:RMBS) Earns Buy Rating from Analysts at Loop Capital

Loop Capital started coverage on shares of Rambus (NASDAQ:RMBS) in a research note released on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $70.00 target price on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on RMBS. Wells Fargo & Company began coverage on Rambus in a research report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price objective for the company. Susquehanna lowered their price target on shares of Rambus from $75.00 to $66.00 and set a “positive” rating for the company in a report on Friday, July 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research report on Tuesday, October 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $71.60.

Rambus Stock Down 1.8 %

NASDAQ RMBS opened at $53.35 on Monday. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 33.14 and a beta of 1.17. Rambus has a twelve month low of $37.42 and a twelve month high of $76.38. The stock has a fifty day simple moving average of $43.78 and a 200 day simple moving average of $50.48.

Institutional Investors Weigh In On Rambus

Several large investors have recently added to or reduced their stakes in RMBS. Janney Montgomery Scott LLC grew its position in shares of Rambus by 2.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,785 shares of the semiconductor company’s stock worth $1,408,000 after buying an additional 511 shares during the period. SG Americas Securities LLC grew its holdings in Rambus by 221.3% in the first quarter. SG Americas Securities LLC now owns 13,357 shares of the semiconductor company’s stock worth $826,000 after purchasing an additional 9,200 shares during the period. Sei Investments Co. grew its holdings in Rambus by 13.1% in the first quarter. Sei Investments Co. now owns 190,480 shares of the semiconductor company’s stock worth $11,774,000 after purchasing an additional 22,060 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Rambus by 0.7% during the first quarter. Russell Investments Group Ltd. now owns 61,712 shares of the semiconductor company’s stock valued at $3,814,000 after purchasing an additional 423 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Rambus by 14.2% during the first quarter. ProShare Advisors LLC now owns 37,659 shares of the semiconductor company’s stock valued at $2,328,000 after purchasing an additional 4,692 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

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.