Rambus, Inc. (NASDAQ:RMBS) Receives $108.14 Consensus Price Target from Analysts

Shares of Rambus, Inc. (NASDAQ:RMBS) have been given an average rating of “Buy” by the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment 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 twelve-month price objective among analysts that have covered the stock in the last year is $108.1429.

A number of equities analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Rambus from $114.00 to $126.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Wells Fargo & Company raised their price target on shares of Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price objective on shares of Rambus in a report on Tuesday, October 28th. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Cfra Research downgraded Rambus from a “hold” rating to a “moderate sell” rating in a research report on Monday, December 15th.

Insider Buying and Selling

In other Rambus news, Director Eric B. Stang sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $111.78, for a total transaction of $447,120.00. Following the completion of the sale, the director directly owned 20,394 shares of the company’s stock, valued at approximately $2,279,641.32. The trade was a 16.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rambus

Several institutional investors have recently modified their holdings of RMBS. Merit Financial Group LLC lifted its holdings in Rambus by 13.0% in the fourth quarter. Merit Financial Group LLC now owns 4,586 shares of the semiconductor company’s stock valued at $421,000 after buying an additional 526 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Rambus by 21.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,148 shares of the semiconductor company’s stock worth $14,440,000 after acquiring an additional 27,472 shares during the period. CWM LLC raised its position in shares of Rambus by 9.0% during the 4th quarter. CWM LLC now owns 16,185 shares of the semiconductor company’s stock valued at $1,487,000 after acquiring an additional 1,341 shares during the last quarter. KBC Group NV lifted its stake in shares of Rambus by 12.1% in the 4th quarter. KBC Group NV now owns 3,316 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 357 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Rambus by 124.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,343 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Stock Performance

Rambus stock opened at $114.19 on Friday. The business’s fifty day moving average is $98.19 and its two-hundred day moving average is $90.85. The firm has a market cap of $12.29 billion, a P/E ratio of 54.12 and a beta of 1.51. Rambus has a 52 week low of $40.12 and a 52 week high of $135.75.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $178.51 million during the quarter, compared to analyst estimates of $175.60 million. Rambus had a net margin of 33.72% and a return on equity of 17.73%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. On average, equities research analysts predict 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.