Rambus (NASDAQ:RMBS) Earns Buy Rating from Rosenblatt Securities

Rambus (NASDAQ:RMBS)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a report released on Tuesday, Benzinga reports. They presently have a $165.00 target price on the semiconductor company’s stock. Rosenblatt Securities‘s target price would suggest a potential upside of 85.64% from the company’s current price.

Several other analysts have also commented on RMBS. Benchmark reaffirmed a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a report on Wednesday, September 2nd. Evercore reissued an “outperform” rating and set a $150.00 target price on shares of Rambus in a research report on Tuesday. Glj Research set a $165.00 price target on Rambus in a research note on Tuesday, July 28th. Finally, Susquehanna reiterated a “neutral” rating and set a $103.00 target price (up from $100.00) on shares of Rambus in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Rambus presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Rambus Stock Down 1.6%

Shares of RMBS traded down $1.44 during trading hours on Tuesday, reaching $88.88. 2,735,007 shares of the company traded hands, compared to its average volume of 2,562,738. Rambus has a 12-month low of $77.89 and a 12-month high of $174.10. The stock has a market capitalization of $9.64 billion, a P/E ratio of 40.77 and a beta of 1.85. The business has a fifty day moving average price of $94.46 and a 200-day moving average price of $107.99.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. The company had revenue of $218.29 million for the quarter, compared to the consensus estimate of $213.21 million. Rambus had a return on equity of 17.89% and a net margin of 31.69%. As a group, research analysts predict that Rambus will post 2.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Rambus

Several hedge funds have recently bought and sold shares of RMBS. Park Avenue Securities LLC grew its holdings in Rambus by 1.7% in the 3rd quarter. Park Avenue Securities LLC now owns 18,135 shares of the semiconductor company’s stock valued at $1,936,000 after buying an additional 299 shares during the period. Signaturefd LLC boosted its position in shares of Rambus by 19.9% during the third quarter. Signaturefd LLC now owns 1,946 shares of the semiconductor company’s stock worth $208,000 after buying an additional 323 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Rambus during the third quarter worth approximately $544,000. Inspire Investing LLC increased its holdings in shares of Rambus by 14.3% in the third quarter. Inspire Investing LLC now owns 4,592 shares of the semiconductor company’s stock valued at $490,000 after buying an additional 575 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Rambus during the third quarter valued at about $45,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Key Stories Impacting Rambus

Here are the key news stories impacting Rambus this week:

• Positive Sentiment: Rambus reported record third-quarter revenue of $218.3 million, up 22% year over year, beating the roughly $213 million consensus estimate. Non-GAAP earnings were $0.84 per share, above expectations near $0.78-$0.79 and up from $0.63 a year earlier. Rambus Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Product revenue reached a record $114.3 million, increasing 22% year over year, while operating cash flow reached a record $102.5 million. Rambus also repurchased approximately $135 million of stock during the quarter, supporting per-share value. Rambus: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management cited accelerating AI-driven demand for memory chips and forecast fourth-quarter revenue of $227 million to $233 million, implying continued sequential growth. Rambus Q3 Earnings Call Highlights AI Demand and Supply Pressures
• Neutral Sentiment: The results reinforce Rambus’s exposure to data-center and AI infrastructure growth, but investors are weighing whether record revenue can be sustained as the market expands. Can Rambus Sustain Record Revenue as Data-Center Grows?
• Negative Sentiment: Supply constraints and higher costs are expected to pressure margins. In addition, fourth-quarter guidance, while higher sequentially, was viewed as relatively muted compared with elevated investor expectations, limiting the positive reaction to the earnings beat. Rambus Falls Despite Earnings Beat on Muted Guidance Outlook

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.