Rambus Receives a New Rating from Top Analyst

By Jason Carr

Jefferies analyst Mark Lipacis reiterated a Hold rating on Rambus (NASDAQ: RMBS) today and set a price target of $13.50. The company’s shares closed last Friday at $13.24.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 30.2% and a 79.6% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Activision Blizzard, and M/A-Com Technology.

Rambus has an analyst consensus of Strong Buy, with a price target consensus of $15.13.

The company has a one year high of $14.50 and a one year low of $11.13. Currently, Rambus has an average volume of 637.3K.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RMBS in relation to earlier this year. Most recently, in November 2016, Penny Herscher, a Director at RMBS sold 30,000 shares for a total of $406,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rambus, Inc. engages in the provision of cutting-edge semiconductor and Internet Protocol products, spanning memory and interfaces to security, smart sensors, and lighting. It operates through the following segments: Memory and Interfaces Division (MID), Cryptography Research (CRD), Emerging Solutions Division (ESD), and Lighting and Display Technologies (LDT). The MID segment focuses on mobile memory, server-based memory, serial link designs, and custom solutions. The CRD segment comprises of chip and system security, anti-counterfeiting, smart ticketing, and mobile payments. The ESD segment includes computational sensing and imaging group in the area of emerging technologies. The LDT segment covers the design, development, and licensing of technologies for lighting. The company was founded by P. Michael Farmwald and Mark A. Horowitz in March 1990 and is headquartered in Sunnyvale, CA.