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

Rambus, Inc. (NASDAQ:RMBS) has been given an average rating of “Moderate Buy” by 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 given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $105.7143.

Several analysts have commented on RMBS shares. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Rambus in a report on Tuesday, February 3rd. Weiss Ratings lowered shares of Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Wells Fargo & Company boosted their target price on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Evercore dropped their price target on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Finally, William Blair started coverage on shares of Rambus in a research note on Thursday, January 22nd. They set an “outperform” rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in Rambus during the third quarter worth about $25,000. Abound Wealth Management purchased a new stake in shares of Rambus during the 3rd quarter worth about $28,000. Acumen Wealth Advisors LLC acquired a new stake in Rambus during the 4th quarter worth approximately $25,000. Torren Management LLC purchased a new position in Rambus in the fourth quarter valued at approximately $26,000. Finally, Spire Wealth Management lifted its position in Rambus by 199.0% during the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Down 1.4%

RMBS opened at $102.64 on Wednesday. The firm has a market cap of $11.06 billion, a P/E ratio of 48.64 and a beta of 1.53. The business’s fifty day simple moving average is $102.10 and its 200 day simple moving average is $95.92. Rambus has a 52 week low of $40.12 and a 52 week high of $135.75.

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