Rambus, Inc. (NASDAQ:RMBS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Rambus, Inc. (NASDAQ:RMBS) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $105.7143.

Several research analysts have weighed in on RMBS shares. Cfra lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Evercore lowered their target price on shares of Rambus from $126.00 to $119.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of Rambus to a “hold” rating in a research report on Monday, January 26th. William Blair started coverage on shares of Rambus in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Rambus in a research report on Tuesday, February 3rd.

Insider Activity

In other Rambus news, CFO Desmond Lynch sold 4,273 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.53, for a total transaction of $433,837.69. Following the transaction, the chief financial officer directly owned 63,618 shares in the company, valued at approximately $6,459,135.54. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Luc Seraphin sold 39,914 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $98.63, for a total transaction of $3,936,717.82. Following the transaction, the chief executive officer owned 331,070 shares in the company, valued at $32,653,434.10. The trade was a 10.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,613 shares of company stock worth $4,840,718 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Rambus

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Rambus by 1.1% in the third quarter. Vanguard Group Inc. now owns 12,701,773 shares of the semiconductor company’s stock valued at $1,323,525,000 after purchasing an additional 140,948 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Rambus by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,385,570 shares of the semiconductor company’s stock worth $494,881,000 after purchasing an additional 140,226 shares during the period. Invesco Ltd. raised its stake in Rambus by 70.6% during the fourth quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock worth $381,220,000 after purchasing an additional 1,716,621 shares during the period. Geode Capital Management LLC raised its stake in Rambus by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock worth $261,256,000 after purchasing an additional 94,214 shares during the period. Finally, EdgePoint Investment Group Inc. raised its stake in shares of Rambus by 138.4% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,787,327 shares of the semiconductor company’s stock valued at $178,445,000 after acquiring an additional 1,618,133 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Rambus Stock Up 10.4%

NASDAQ RMBS opened at $101.43 on Thursday. The stock has a market capitalization of $10.97 billion, a P/E ratio of 48.07 and a beta of 1.63. Rambus has a 52-week low of $42.18 and a 52-week high of $135.75. The firm has a 50-day moving average price of $96.99 and a 200 day moving average price of $99.01.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings results 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 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%. On average, equities research analysts expect that Rambus will post 1.89 earnings per share 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.