Baird R W Upgrades Rambus (NASDAQ:RMBS) to Strong-Buy

Baird R W upgraded shares of Rambus (NASDAQ:RMBS) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

RMBS has been the subject of several other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Loop Capital began coverage on Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Rambus in a report on Wednesday, November 6th. They set an “overweight” rating and a $62.00 target price for the company. Finally, Robert W. Baird initiated coverage on shares of Rambus in a report on Monday. They set an “outperform” rating and a $90.00 price target on the stock. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Rambus presently has an average rating of “Buy” and an average target price of $74.67.

Rambus Stock Down 1.1 %

Shares of NASDAQ:RMBS opened at $57.12 on Monday. Rambus has a 52-week low of $37.42 and a 52-week high of $76.38. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 35.48 and a beta of 1.17. The business has a 50-day moving average price of $47.14 and a 200-day moving average price of $50.42.

Institutional Investors Weigh In On Rambus

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Rambus in the 2nd quarter valued at approximately $38,000. Fifth Third Bancorp increased its holdings in Rambus by 68.7% in the second quarter. Fifth Third Bancorp now owns 727 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 296 shares during the last quarter. Blue Trust Inc. raised 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 valued at $71,000 after buying an additional 806 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Rambus in the second quarter valued at $87,000. Finally, GAMMA Investing LLC lifted its holdings in Rambus by 207.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 1,769 shares during the last quarter. 88.54% of the stock is currently 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.