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

Shares of Rambus, Inc. (NASDAQ:RMBS) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target 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 research reports. Cfra lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Rambus in a research report on Tuesday, February 3rd. Susquehanna cut their price objective on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Wells Fargo & Company lifted their target price on Rambus from $73.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group upgraded Rambus to a “strong-buy” rating in a research note on Tuesday, October 28th.

Institutional Investors Weigh In On Rambus

A number of institutional investors have recently bought and sold shares of RMBS. Hussman Strategic Advisors Inc. acquired a new stake in Rambus in the third quarter worth $1,094,000. Nordea Investment Management AB increased its position in shares of Rambus by 1,216.0% in the 2nd quarter. Nordea Investment Management AB now owns 69,116 shares of the semiconductor company’s stock valued at $4,381,000 after buying an additional 63,864 shares in the last quarter. Oak Grove Capital LLC acquired a new stake in Rambus during the 2nd quarter worth $519,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Rambus by 1,320.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,676 shares of the semiconductor company’s stock worth $13,512,000 after buying an additional 120,549 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in Rambus during the third quarter worth about $17,276,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of Rambus stock opened at $101.95 on Wednesday. The firm has a fifty day simple moving average of $102.02 and a 200-day simple moving average of $95.29. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 48.32 and a beta of 1.53. Rambus has a 1-year low of $40.12 and a 1-year high of $135.75.

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