Rambus (NASDAQ:RMBS) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Rambus (NASDAQ:RMBS) released its earnings results on Monday. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05, FiscalAI reports. Rambus had a return on equity of 17.89% and a net margin of 31.69%. The company had revenue of $218.29 million during the quarter, compared to the consensus estimate of $213.21 million.

Rambus Price Performance

Shares of RMBS stock traded up $4.67 during trading hours on Monday, reaching $90.32. The company had a trading volume of 3,614,375 shares, compared to its average volume of 2,559,791. Rambus has a 1-year low of $77.89 and a 1-year high of $174.10. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 41.43 and a beta of 1.85. The company has a 50 day moving average of $94.16 and a 200 day moving average of $112.08.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Glj Research set a $165.00 price objective on Rambus in a research report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research report on Wednesday, September 2nd. Benchmark restated a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $165.00 target price on shares of Rambus in a research note on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.88.

Rambus Company Profile

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.