Analysts Set Rambus, Inc. (NASDAQ:RMBS) Price Target at $105.71

Rambus, Inc. (NASDAQ:RMBS) has been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $105.7143.

A number of analysts have issued reports on the stock. Weiss Ratings cut shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Zacks Research upgraded shares of Rambus to a “hold” rating in a research note on Monday, January 26th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Rambus in a research note on Tuesday, February 3rd. William Blair started coverage on shares of Rambus in a research note on Thursday, January 22nd. They issued an “outperform” rating for the company. Finally, Susquehanna reduced their price objective on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd.

Rambus Stock Down 1.4%

NASDAQ RMBS opened at $120.02 on Thursday. The stock has a market capitalization of $12.98 billion, a PE ratio of 56.88 and a beta of 1.63. The company has a 50 day moving average price of $97.44 and a two-hundred day moving average price of $99.41. Rambus has a 12-month low of $43.21 and a 12-month high of $135.75.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The firm had revenue of $190.24 million during the quarter, compared to analysts’ expectations of $188.21 million. Rambus had a net margin of 32.57% and a return on equity of 17.69%. As a group, equities analysts anticipate that Rambus will post 1.89 EPS for the current year.

Insider Transactions at Rambus

In other news, CFO Desmond Lynch sold 4,273 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $101.53, for a total value of $433,837.69. Following the completion of the sale, the chief financial officer directly owned 63,618 shares in the company, valued at approximately $6,459,135.54. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Luc Seraphin sold 5,426 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $86.65, for a total transaction of $470,162.90. Following the completion of the sale, the chief executive officer owned 345,767 shares of the company’s stock, valued at $29,960,710.55. The trade was a 1.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 58,151 shares of company stock worth $5,848,885. 0.75% of the stock is owned by insiders.

Institutional Trading of Rambus

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new position in Rambus during the 3rd quarter valued at $1,094,000. Nordea Investment Management AB raised its stake in Rambus by 101.7% during the 3rd quarter. Nordea Investment Management AB now owns 139,430 shares of the semiconductor company’s stock valued at $14,669,000 after purchasing an additional 70,314 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Rambus during the 3rd quarter valued at $1,149,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Rambus by 57.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 52,435 shares of the semiconductor company’s stock valued at $5,464,000 after purchasing an additional 19,046 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Rambus by 1,320.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,676 shares of the semiconductor company’s stock valued at $13,512,000 after purchasing an additional 120,549 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

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.