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

Shares of Rambus, Inc. (NASDAQ:RMBS) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $105.7143.

Several research firms have recently commented on RMBS. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Rambus 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 Tuesday. Cfra downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research note on Monday, December 15th. William Blair assumed coverage on Rambus in a research report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Finally, Susquehanna cut their target price on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd.

Insider Activity

In related news, CFO Desmond Lynch sold 4,273 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.53, for a total value of $433,837.69. Following the sale, the chief financial officer owned 63,618 shares of the company’s stock, valued at $6,459,135.54. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Luc Seraphin sold 39,914 shares of Rambus stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $98.63, for a total transaction of $3,936,717.82. Following the completion of the sale, the chief executive officer owned 331,070 shares in the company, valued at approximately $32,653,434.10. This represents a 10.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rambus

A number of hedge funds have recently made changes to their positions in the business. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Rambus during the third quarter worth approximately $25,000. Abound Wealth Management acquired a new stake in Rambus in the 3rd quarter valued at approximately $28,000. Acumen Wealth Advisors LLC bought a new stake in Rambus during the 4th quarter valued at $25,000. Torren Management LLC bought a new stake in Rambus during the 4th quarter valued at $26,000. Finally, Spire Wealth Management boosted its position in Rambus by 199.0% during the 4th quarter. Spire Wealth Management now owns 302 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 201 shares during the period. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

NASDAQ RMBS opened at $94.01 on Friday. Rambus has a one year low of $40.12 and a one year high of $135.75. The company has a 50-day simple moving average of $102.06 and a 200-day simple moving average of $97.92. The firm has a market capitalization of $10.17 billion, a PE ratio of 44.55 and a beta of 1.55.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, February 2nd. The semiconductor company reported $0.68 earnings per share for the quarter, hitting the consensus estimate 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. Equities analysts forecast that Rambus will post 1.89 earnings per share for the current year.

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.