Analysts Set Rambus, Inc. (NASDAQ:RMBS) Price Target at $145.88

Shares of Rambus, Inc. (NASDAQ:RMBS) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $145.8750.

A number of analysts have recently commented on RMBS shares. Rosenblatt Securities restated a “buy” rating and set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rambus in a research note on Wednesday, September 2nd. Glj Research set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th.

Rambus Price Performance

Shares of RMBS opened at $86.97 on Friday. The company has a 50-day simple moving average of $95.59 and a two-hundred day simple moving average of $110.84. The firm has a market capitalization of $9.43 billion, a PE ratio of 39.89 and a beta of 1.88. Rambus has a one year low of $77.89 and a one year high of $174.10.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 27th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. Analysts expect that Rambus will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RMBS. AMJ Financial Wealth Management boosted its stake in shares of Rambus by 252.0% in the fourth quarter. AMJ Financial Wealth Management now owns 94,946 shares of the semiconductor company’s stock worth $8,725,000 after acquiring an additional 67,973 shares during the period. State of Wyoming bought a new stake in Rambus during the 2nd quarter valued at approximately $1,825,000. Handelsbanken Fonder AB lifted its holdings in Rambus by 28.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 150,857 shares of the semiconductor company’s stock worth $20,025,000 after purchasing an additional 33,060 shares in the last quarter. BlackRock Inc. purchased a new position in Rambus in the 2nd quarter worth approximately $1,853,645,000. Finally, California Public Employees Retirement System boosted its stake in Rambus by 15.8% in the 1st quarter. California Public Employees Retirement System now owns 227,271 shares of the semiconductor company’s stock worth $19,552,000 after purchasing an additional 31,064 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

About Rambus

Rambus Inc (NASDAQ: RMBS) is a technology company that develops semiconductor and intellectual property solutions for the data-intensive computing market. Its business focuses on improving the performance, capacity, security and energy efficiency of memory and other components used in data centers, personal computers, networking equipment and other electronic systems.

The company offers memory interface chips and related products, including registered clock drivers, memory interface chips and power-management solutions designed for high-performance memory modules.