Shares of Rambus Inc. (NASDAQ:RMBS) traded today at $33.74, eclipsing its 52-week high. So far today approximately 202,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Over the past year, Rambus Inc. has traded in a range of $17.95 to $33.74 and is now at $33.37, 86% above that low.
Rambus Inc is a global semiconductor solutions provider offering high-speed, high-security computer chips and Silicon intellectual property. The company’s Key products include memory interface chips, built for high speed and efficiency; silicon IP, providing high-speed memory and chip-to-chip connection technology; and architecture licenses, which allow customers to use portions of Rambus’ patented inventions for their own digital electronics. The firm receives the majority of its revenue from the United States, Taiwan, and Singapore.
Based on a current price of $33.37, Rambus Inc. is currently 3.2% above its average consensus analyst price target of $32.30.
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