Shares of Rambus Inc. (NASDAQ:RMBS) traded today at $22.29, eclipsing its 52-week high. Approximately 106,000 shares have changed hands today, as compared to an average 30-day volume of 931,000 shares.
Rambus is a global semiconductor solutions provider offering high-speed, high-security computer chips and Silicon intellectual property. The company operates with one segment: high-speed interface IP and chips. 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.
Rambus Inc. (NASDAQ:RMBS) defies analysts with a current price ($22.06) 0.8% above its average consensus price target of $21.89.
Over the past year, Rambus Inc. has traded in a range of $9.01 to $22.29 and is now at $22.06, 145% above that low.
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