Rambus, Inc. (NASDAQ:RMBS) Given Average Rating of “Buy” by Analysts

Shares of Rambus, Inc. (NASDAQ:RMBS) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $108.1429.

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Rambus from $73.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Cfra Research lowered shares of Rambus from a “hold” rating to a “moderate sell” rating in a report on Monday, December 15th. Robert W. Baird raised their price target on shares of Rambus from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Evercore ISI boosted their price objective on shares of Rambus from $114.00 to $126.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rambus in a research report on Monday, December 29th.

Rambus Price Performance

RMBS stock opened at $99.28 on Tuesday. The company’s 50 day simple moving average is $98.10 and its 200-day simple moving average is $86.06. Rambus has a 12 month low of $40.12 and a 12 month high of $114.55. The firm has a market capitalization of $10.69 billion, a PE ratio of 47.05 and a beta of 1.51.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, October 27th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The company had revenue of $178.51 million during the quarter, compared to analysts’ expectations of $175.60 million. Rambus had a net margin of 33.72% and a return on equity of 17.73%. Rambus’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. As a group, sell-side analysts anticipate that Rambus will post 1.89 earnings per share for the current year.

Insider Activity

In other news, Director Eric B. Stang sold 4,000 shares of Rambus stock in a transaction on Monday, November 10th. The stock was sold at an average price of $111.78, for a total value of $447,120.00. Following the completion of the sale, the director owned 20,394 shares of the company’s stock, valued at $2,279,641.32. The trade was a 16.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Trading of Rambus

A number of hedge funds have recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Rambus during the 3rd quarter valued at about $25,000. True Wealth Design LLC boosted its position in shares of Rambus by 162.5% in the second quarter. True Wealth Design LLC now owns 420 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 260 shares during the last quarter. Abound Wealth Management acquired a new stake in shares of Rambus in the third quarter worth approximately $28,000. Bessemer Group Inc. grew its holdings in Rambus by 105.8% in the second quarter. Bessemer Group Inc. now owns 463 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 238 shares during the period. Finally, Hantz Financial Services Inc. increased its position in Rambus by 1,386.0% during the second quarter. Hantz Financial Services Inc. now owns 639 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 596 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

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.