Rambus (NASDAQ:RMBS) Price Target Raised to $32.00 at Deutsche Bank Aktiengesellschaft

Rambus (NASDAQ:RMBSGet Rating) had its price objective lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from $30.00 to $32.00 in a note issued to investors on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 25.44% from the stock’s previous close.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. TheStreet raised Rambus from a “c+” rating to a “b” rating in a report on Monday, February 28th. StockNews.com started coverage on Rambus in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Credit Suisse Group boosted their price objective on Rambus from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, February 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $30.00.

Shares of RMBS stock opened at $25.51 on Tuesday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 159.44 and a beta of 1.16. Rambus has a twelve month low of $17.95 and a twelve month high of $33.75. The stock’s fifty day simple moving average is $28.11 and its 200 day simple moving average is $26.94.

Rambus (NASDAQ:RMBSGet Rating) last announced its earnings results on Monday, February 7th. The semiconductor company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The firm had revenue of $91.78 million for the quarter, compared to the consensus estimate of $123.01 million. Rambus had a return on equity of 15.89% and a net margin of 5.58%. The business’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, sell-side analysts anticipate that Rambus will post 1.32 earnings per share for the current fiscal year.

In related news, SVP John Shinn sold 10,073 shares of the business’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $26.81, for a total value of $270,057.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Luc Seraphin sold 12,500 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $28.11, for a total value of $351,375.00. The disclosure for this sale can be found here. Insiders sold a total of 145,886 shares of company stock worth $4,117,876 over the last three months. 1.53% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of RMBS. Marshall Wace LLP bought a new stake in Rambus during the 1st quarter worth approximately $46,000. Los Angeles Capital Management LLC increased its holdings in Rambus by 3.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 60,932 shares of the semiconductor company’s stock worth $1,353,000 after purchasing an additional 2,172 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Rambus by 14.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 627,397 shares of the semiconductor company’s stock worth $13,926,000 after purchasing an additional 77,182 shares in the last quarter. Richard Bernstein Advisors LLC increased its holdings in Rambus by 23.9% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 61,899 shares of the semiconductor company’s stock worth $1,374,000 after purchasing an additional 11,948 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Rambus by 23.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,360 shares of the semiconductor company’s stock worth $408,000 after purchasing an additional 3,500 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Rambus Company Profile (Get Rating)

Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems.

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