JP Morgan upgraded Rambus Inc (NASDAQ:RMBS) from Neutral to Overweight in a report released today.
- Updated: February 11, 2017
JP Morgan has upgraded Rambus Inc (NASDAQ:RMBS) from Neutral to Overweight in a report released on Thursday February 09, 2017.
Just yesterday Rambus Inc (NASDAQ:RMBS) traded 1.11% higher at $12.75. Rambus Inc’s 50-day moving average is $13.54 and its 200-day moving average is $13.21. The last closing price is down -3.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 920,658 shares of RMBS traded hands, up from an average trading volume of 595,018
Recent Performance Chart
Rambus Inc has 52 week low of $11.13 and a 52 week high of $14.50 with a PE ratio of 213.17 and has a market capitalization of $0.
In addition to JP Morgan reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $13.80 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Rambus Inc (NASDAQ:RMBS)
Rambus Inc. produces semiconductor and intellectual property (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company's products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. Its segments include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD). The Company has over four operational units, including MID, CRD, emerging solutions division (ESD), and lighting and display technologies (LDT). MID focuses on the design, development and licensing of technology that is related to memory and interfaces. CRD focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting and mobile payments. ESD includes its computational sensing and imaging group along with its development efforts in the area of emerging technologies. LDT focuses on the design, development and licensing of technologies for lighting.
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