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

Rambus, Inc. (NASDAQ:RMBS) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $105.7143.

Several research firms recently commented on RMBS. Susquehanna cut their price objective on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Rambus in a report on Tuesday, February 3rd. Evercore decreased their price objective on Rambus from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Cfra downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th.

Rambus Stock Performance

NASDAQ RMBS opened at $101.95 on Wednesday. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 48.32 and a beta of 1.53. The business has a 50 day simple moving average of $102.02 and a 200 day simple moving average of $95.29. Rambus has a 52-week low of $40.12 and a 52-week high of $135.75.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC lifted its position in Rambus by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after buying an additional 103 shares in the last quarter. Krilogy Financial LLC increased its position in shares of Rambus by 5.3% in the fourth quarter. Krilogy Financial LLC now owns 2,157 shares of the semiconductor company’s stock valued at $198,000 after acquiring an additional 108 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Rambus by 3.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 110 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in Rambus by 3.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 3,883 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 114 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Rambus by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 2,503 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

About Rambus

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.