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

Rambus, Inc. (NASDAQ:RMBSGet 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.

Get Our Latest Stock Report on Rambus

Institutional Trading of Rambus

Several hedge funds have recently bought and sold shares of RMBS. Corient Private Wealth LP raised its stake in shares of Rambus by 29.9% in the second quarter. Corient Private Wealth LP now owns 5,607 shares of the semiconductor company’s stock worth $744,000 after buying an additional 1,289 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Rambus during the 2nd quarter valued at approximately $3,936,000. California State Teachers Retirement System grew its stake in shares of Rambus by 13,305.0% during the 2nd quarter. California State Teachers Retirement System now owns 16,648,384 shares of the semiconductor company’s stock valued at $2,209,906,000 after acquiring an additional 16,524,189 shares during the period. HB Wealth Management LLC purchased a new stake in Rambus in the 2nd quarter worth approximately $332,000. Finally, AlphaGrep UK Ltd purchased a new stake in Rambus in the 2nd quarter worth approximately $789,000. Institutional investors own 88.54% of the company’s stock.

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:RMBSGet 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

(Get Free Report)

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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Analyst Recommendations for Rambus (NASDAQ:RMBS)

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