Rambus, Inc. (NASDAQ:RMBS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Rambus, Inc. (NASDAQ:RMBS) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $130.4286.

Several research firms have recently weighed in on RMBS. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a report on Friday, June 5th. Wells Fargo & Company upped their price objective on Rambus from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Rosenblatt Securities upped their price objective on Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird lowered Rambus from an “outperform” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group upped their price objective on Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th.

Insider Transactions at Rambus

In other news, Director Necip Sayiner sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $170.15, for a total value of $850,750.00. Following the completion of the sale, the director directly owned 18,223 shares in the company, valued at $3,100,643.45. This represents a 21.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Emiko Higashi sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.50, for a total value of $1,605,000.00. Following the completion of the sale, the director owned 49,519 shares of the company’s stock, valued at $7,947,799.50. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,850 shares of company stock worth $11,649,796 over the last three months. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rambus

Several hedge funds and other institutional investors have recently modified their holdings of RMBS. Price T Rowe Associates Inc. MD increased its stake in Rambus by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,385,570 shares of the semiconductor company’s stock worth $494,881,000 after buying an additional 140,226 shares in the last quarter. Invesco Ltd. increased its stake in Rambus by 70.6% in the 4th quarter. Invesco Ltd. now owns 4,148,653 shares of the semiconductor company’s stock worth $381,220,000 after buying an additional 1,716,621 shares in the last quarter. Geode Capital Management LLC increased its stake in Rambus by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 2,842,715 shares of the semiconductor company’s stock worth $261,256,000 after buying an additional 94,214 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in Rambus by 38.5% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,947,742 shares of the semiconductor company’s stock worth $167,564,000 after buying an additional 541,056 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Rambus by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,928,697 shares of the semiconductor company’s stock worth $200,966,000 after buying an additional 11,024 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Rambus Price Performance

NASDAQ RMBS opened at $114.73 on Tuesday. The business’s fifty day moving average price is $136.54 and its 200-day moving average price is $112.48. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 54.63 and a beta of 1.84. Rambus has a 1-year low of $61.16 and a 1-year high of $174.10.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $179.94 million. Rambus had a return on equity of 17.41% and a net margin of 31.90%. Equities research analysts anticipate that Rambus will post 2.44 EPS 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.