Rambus (NASDAQ:RMBS) Earns Outperform Rating from Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of Rambus (NASDAQ:RMBS) in a research note released on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $90.00 price objective on the semiconductor company’s stock.

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

Rambus Stock Performance

Shares of NASDAQ:RMBS 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. The company’s 50-day moving average is $46.78 and its 200 day moving average is $50.37. Rambus has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Rambus in the 2nd quarter worth approximately $38,000. Fifth Third Bancorp lifted its stake in Rambus by 68.7% in the second 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 last quarter. Blue Trust Inc. lifted its stake in Rambus by 240.6% in the second quarter. Blue Trust Inc. now owns 1,141 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 806 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Rambus during the second quarter valued at about $87,000. Finally, GAMMA Investing LLC grew its stake in shares of Rambus by 207.1% during the third quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 1,769 shares during 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.