Shares of Rambus, Inc. (NASDAQ:RMBS – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $147.00.
RMBS has been the topic of several recent research reports. Susquehanna reissued a “neutral” rating and set a $103.00 price target (up from $100.00) on shares of Rambus in a research report on Tuesday, October 27th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Rambus in a research report on Tuesday, October 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 target price on shares of Rambus in a research note on Tuesday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rambus in a report on Wednesday, September 2nd. Finally, Zacks Research raised shares of Rambus from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th.
Get Our Latest Stock Analysis on Rambus
Institutional Investors Weigh In On Rambus
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC grew its holdings in shares of Rambus by 8.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,987 shares of the semiconductor company’s stock worth $746,000 after purchasing an additional 561 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Rambus by 107.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,469 shares of the semiconductor company’s stock valued at $468,000 after buying an additional 2,828 shares during the period. Covestor Ltd lifted its position in Rambus by 180.5% in the third quarter. Covestor Ltd now owns 1,108 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 713 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new position in Rambus in the third quarter valued at about $29,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in Rambus by 0.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 22,483 shares of the semiconductor company’s stock worth $2,400,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.
Rambus Stock Performance
Shares of Rambus stock opened at $84.65 on Monday. Rambus has a one year low of $77.89 and a one year high of $174.10. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 34.84 and a beta of 1.93. The business’s 50 day moving average price is $93.82 and its 200 day moving average price is $107.89.
Rambus (NASDAQ:RMBS – Get Free Report) last released its quarterly earnings data on Monday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $218.29 million for the quarter, compared to analyst estimates of $213.21 million. Rambus had a return on equity of 19.43% and a net margin of 33.40%. On average, analysts predict that Rambus will post 2.64 EPS for the current fiscal year.
About Rambus
Rambus Inc is a semiconductor technology company that develops and licenses intellectual property for memory and data-processing systems. Its technologies are designed to support higher bandwidth, improved performance, reliability and security across data centers, artificial intelligence and high-performance computing platforms, as well as other computing and communications applications.
The company offers memory interface products and intellectual property, including solutions for DDR5 and other advanced memory architectures, high-bandwidth memory, memory modules and associated system components.
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