Rambus, Inc. (NASDAQ:RMBS – Get Free Report) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $145.8750.
Several equities research analysts recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a report on Wednesday. Benchmark reissued a “buy” rating on shares of Rambus in a report on Tuesday, July 28th. Finally, Glj Research set a $165.00 price target on shares of Rambus in a research report on Tuesday, July 28th.
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Institutional Trading of Rambus
Rambus Price Performance
RMBS stock opened at $85.46 on Friday. The stock has a market capitalization of $9.27 billion, a P/E ratio of 39.20 and a beta of 1.88. Rambus has a 1-year low of $72.45 and a 1-year high of $174.10. The business has a fifty day moving average price of $99.07 and a 200-day moving average price of $111.42.
Rambus (NASDAQ:RMBS – Get Free Report) last issued its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%.Rambus’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, analysts anticipate that Rambus will post 2.52 earnings per share for the current year.
Rambus Company Profile
Rambus Inc is a technology licensing company specializing in semiconductor and system-level interface solutions. Founded in 1990 by Stanford University researchers Mike Farmwald and Mark Horowitz, Rambus established its headquarters in Sunnyvale, California. The company initially gained prominence by developing high-speed DRAM interface technology and securing a broad patent portfolio covering memory architecture, data signaling and power management innovations.
Today, Rambus licenses its proprietary intellectual property (IP) to semiconductor companies, original equipment manufacturers (OEMs) and system integrators worldwide.
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