Fintel reports that on May 18, 2023, Jefferies upgraded their outlook for Rambus (NASDAQ:RMBS) from Hold to Buy .
Analyst Price Forecast Suggests 9.52% Upside
As of May 11, 2023, the average one-year price target for Rambus is 58.65. The forecasts range from a low of 45.45 to a high of $73.50. The average price target represents an increase of 9.52% from its latest reported closing price of 53.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rambus is 606MM, an increase of 29.10%. The projected annual non-GAAP EPS is 1.78.
What is the Fund Sentiment?
There are 711 funds or institutions reporting positions in Rambus. This is an increase of 77 owner(s) or 12.15% in the last quarter. Average portfolio weight of all funds dedicated to RMBS is 0.30%, an increase of 8.30%. Total shares owned by institutions decreased in the last three months by 1.08% to 109,373K shares. 
The put/call ratio of RMBS is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 7,964K shares representing 7.32% ownership of the company. In it's prior filing, the firm reported owning 8,079K shares, representing a decrease of 1.44%. The firm increased its portfolio allocation in RMBS by 26.37% over the last quarter.
Ameriprise Financial holds 4,238K shares representing 3.89% ownership of the company. In it's prior filing, the firm reported owning 4,890K shares, representing a decrease of 15.37%. The firm decreased its portfolio allocation in RMBS by 78.11% over the last quarter.
Jpmorgan Chase holds 3,757K shares representing 3.45% ownership of the company. In it's prior filing, the firm reported owning 423K shares, representing an increase of 88.73%. The firm increased its portfolio allocation in RMBS by 1,073.83% over the last quarter.
Neuberger Berman Group holds 3,533K shares representing 3.25% ownership of the company. In it's prior filing, the firm reported owning 4,595K shares, representing a decrease of 30.06%. The firm decreased its portfolio allocation in RMBS by 47.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,260K shares representing 3.00% ownership of the company. In it's prior filing, the firm reported owning 3,299K shares, representing a decrease of 1.20%. The firm increased its portfolio allocation in RMBS by 28.59% over the last quarter.
Rambus Background Information
(This description is provided by the company.)
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, it is a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world's data needs and drive ever-greater end-user experiences.
Key filings for this company:
This story originally appeared on Fintel.
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