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

Rambus, Inc. (NASDAQ:RMBS) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $130.4286.

RMBS has been the topic of several recent analyst reports. Weiss Ratings lowered Rambus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Susquehanna decreased their price target on Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Rosenblatt Securities lifted their price target on Rambus from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Evercore reiterated an “outperform” rating and issued a $172.00 price target on shares of Rambus in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group lifted their price target on Rambus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th.

Rambus Price Performance

Rambus stock opened at $166.78 on Friday. The stock’s fifty day moving average price is $119.61 and its two-hundred day moving average price is $106.19. Rambus has a one year low of $54.05 and a one year high of $167.71. The firm has a market cap of $18.04 billion, a PE ratio of 79.42 and a beta of 1.84.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Rambus had a return on equity of 17.41% and a net margin of 31.90%.The firm had revenue of $180.19 million for the quarter, compared to analyst estimates of $179.94 million. Sell-side analysts expect that Rambus will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Rambus

In related news, Director Emiko Higashi sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $157.57, for a total transaction of $787,850.00. Following the sale, the director owned 59,519 shares of the company’s stock, valued at $9,378,408.83. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Meera Rao sold 2,972 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $150.30, for a total value of $446,691.60. Following the sale, the director directly owned 19,974 shares in the company, valued at approximately $3,002,092.20. This trade represents a 12.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,850 shares of company stock worth $9,194,046 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rambus

Hedge funds have recently modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new position in Rambus during the 3rd quarter worth about $1,094,000. Baader Bank Aktiengesellschaft acquired a new position in Rambus during the 3rd quarter worth about $1,149,000. M&T Bank Corp lifted its holdings in Rambus by 2,372.0% during the 4th quarter. M&T Bank Corp now owns 122,636 shares of the semiconductor company’s stock worth $11,269,000 after buying an additional 117,675 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Rambus by 1,320.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,676 shares of the semiconductor company’s stock worth $13,512,000 after buying an additional 120,549 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in Rambus during the 3rd quarter worth about $17,276,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

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.