Rosenblatt Securities Reaffirms Buy Rating for Rambus (NASDAQ:RMBS)

Rambus (NASDAQ:RMBS)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They presently have a $165.00 price objective on the semiconductor company’s stock. Rosenblatt Securities‘s price objective suggests a potential upside of 85.58% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research note on Wednesday, September 2nd. Evercore restated an “outperform” rating and issued a $150.00 price target on shares of Rambus in a research note on Tuesday. Benchmark reiterated a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. UBS Group set a $165.00 price target on Rambus in a research report on Tuesday. Finally, Susquehanna restated a “neutral” rating and issued a $103.00 price objective (up from $100.00) on shares of Rambus in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Rambus Price Performance

Shares of NASDAQ:RMBS traded down $1.41 on Tuesday, hitting $88.91. 3,484,350 shares of the company’s stock were exchanged, compared to its average volume of 2,564,103. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 40.78 and a beta of 1.85. Rambus has a 12 month low of $77.89 and a 12 month high of $174.10. The business’s 50 day simple moving average is $94.46 and its two-hundred day simple moving average is $107.99.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%. The business had revenue of $218.29 million for the quarter, compared to the consensus estimate of $213.21 million. Equities analysts forecast that Rambus will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Rambus

A number of hedge funds have recently bought and sold shares of the stock. Danske Bank A S purchased a new position in shares of Rambus in the 2nd quarter valued at about $27,000. City State Bank purchased a new stake in Rambus during the third quarter worth approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Rambus in the second quarter valued at approximately $41,000. PenderFund Capital Management Ltd. acquired a new position in Rambus in the second quarter valued at approximately $46,000. Finally, Persistent Asset Partners Ltd purchased a new position in Rambus in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Key Headlines Impacting Rambus

Here are the key news stories impacting Rambus this week:

• Positive Sentiment: Rambus reported record third-quarter revenue of $218.3 million, up 22% year over year, beating the roughly $213 million consensus estimate. Non-GAAP earnings were $0.84 per share, above expectations near $0.78-$0.79 and up from $0.63 a year earlier. Rambus Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Product revenue reached a record $114.3 million, increasing 22% year over year, while operating cash flow reached a record $102.5 million. Rambus also repurchased approximately $135 million of stock during the quarter, supporting per-share value. Rambus: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management cited accelerating AI-driven demand for memory chips and forecast fourth-quarter revenue of $227 million to $233 million, implying continued sequential growth. Rambus Q3 Earnings Call Highlights AI Demand and Supply Pressures
• Neutral Sentiment: The results reinforce Rambus’s exposure to data-center and AI infrastructure growth, but investors are weighing whether record revenue can be sustained as the market expands. Can Rambus Sustain Record Revenue as Data-Center Grows?
• Negative Sentiment: Supply constraints and higher costs are expected to pressure margins. In addition, fourth-quarter guidance, while higher sequentially, was viewed as relatively muted compared with elevated investor expectations, limiting the positive reaction to the earnings beat. Rambus Falls Despite Earnings Beat on Muted Guidance Outlook

About Rambus

Rambus Inc is a semiconductor technology company that develops and licenses intellectual property for memory and data-processing systems. Its technologies are designed to support higher bandwidth, improved performance, reliability and security across data centers, artificial intelligence and high-performance computing platforms, as well as other computing and communications applications.

The company offers memory interface products and intellectual property, including solutions for DDR5 and other advanced memory architectures, high-bandwidth memory, memory modules and associated system components.