Brokerages Set Rambus, Inc. (NASDAQ:RMBS) PT at $105.71

Shares of Rambus, Inc. (NASDAQ:RMBS) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $105.7143.

RMBS has been the topic of a number of analyst reports. Cfra cut shares of Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Rambus in a research note on Tuesday, February 3rd. Evercore decreased their price objective on Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. Zacks Research upgraded Rambus to a “hold” rating in a research note on Monday, January 26th. Finally, William Blair initiated coverage on Rambus in a report on Thursday, January 22nd. They issued an “outperform” rating for the company.

Rambus Price Performance

RMBS opened at $93.50 on Friday. The company has a market capitalization of $10.11 billion, a P/E ratio of 44.31 and a beta of 1.55. The firm’s fifty day moving average price is $101.89 and its two-hundred day moving average price is $98.30. Rambus has a fifty-two week low of $40.12 and a fifty-two week high of $135.75.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data 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 company 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%. On average, equities research analysts expect that Rambus will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rambus news, CEO Luc Seraphin sold 39,914 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $98.63, for a total value of $3,936,717.82. Following the sale, the chief executive officer directly owned 331,070 shares in the company, valued at $32,653,434.10. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Desmond Lynch sold 4,273 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.53, for a total value of $433,837.69. Following the transaction, the chief financial officer owned 63,618 shares of the company’s stock, valued at $6,459,135.54. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Rambus

A number of hedge funds have recently made changes to their positions in RMBS. Steigerwald Gordon & Koch Inc. acquired a new position in Rambus in the third quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new stake in Rambus during the fourth quarter worth about $25,000. Torren Management LLC acquired a new stake in shares of Rambus during the fourth quarter worth approximately $26,000. Abound Wealth Management acquired a new stake in shares of Rambus during the third quarter worth approximately $28,000. Finally, Spire Wealth Management raised its stake in shares of Rambus by 199.0% in the fourth quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

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.