Rambus, Inc. (NASDAQ:RMBS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Rambus, Inc. (NASDAQ:RMBS – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $145.88.

Several equities research analysts recently weighed in on RMBS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a report on Wednesday, September 2nd. Glj Research set a $165.00 target price on Rambus in a report on Tuesday, July 28th. Benchmark reiterated a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $165.00 price target on shares of Rambus in a research note on Tuesday, July 28th.

Read Our Latest Research Report on RMBS

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Rambus during the 2nd quarter worth approximately $1,853,645,000. Geode Capital Management LLC raised its stake in shares of Rambus by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock valued at $261,256,000 after acquiring an additional 94,214 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of Rambus by 38.5% during the first quarter. EdgePoint Investment Group Inc. now owns 1,947,742 shares of the semiconductor company’s stock valued at $167,564,000 after acquiring an additional 541,056 shares during the last quarter. Norges Bank acquired a new position in shares of Rambus during the fourth quarter worth $156,356,000. Finally, Swedbank AB lifted its holdings in shares of Rambus by 14.7% during the first quarter. Swedbank AB now owns 1,563,000 shares of the semiconductor company’s stock worth $134,465,000 after purchasing an additional 200,000 shares during the period. Institutional investors own 88.54% of the company’s stock.

Rambus Price Performance

Shares of Rambus stock opened at $110.30 on Thursday. Rambus has a fifty-two week low of $77.89 and a fifty-two week high of $174.10. The firm has a market capitalization of $11.96 billion, a P/E ratio of 50.60 and a beta of 1.85. The company’s 50 day moving average price is $93.59 and its two-hundred day moving average price is $111.47.

Rambus (NASDAQ:RMBS – Get Free Report) last posted 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. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The firm had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $199.30 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. On average, analysts expect that Rambus will post 2.52 earnings per share for the current year.

Rambus Company Profile

(Get Free Report)

Rambus Inc is a semiconductor technology company that develops and licenses high-performance chip interfaces and related intellectual property. Its technologies are designed to improve the speed, capacity, reliability and security of data transfer in memory systems and other electronic devices.

The company offers memory interface products for applications such as data centers, servers and advanced computing systems. Its portfolio includes solutions for DDR memory, high-bandwidth memory and other emerging memory architectures, as well as interface and connectivity technologies intended to support increasingly data-intensive workloads.

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Analyst Recommendations for Rambus (NASDAQ:RMBS)

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