Rambus, Inc. (NASDAQ:RMBS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Rambus, Inc. (NASDAQ:RMBS) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $130.4286.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Rambus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Rosenblatt Securities increased their price objective on shares of Rambus from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Susquehanna dropped their price objective on shares of Rambus from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Evercore reiterated an “outperform” rating and set a $172.00 price objective on shares of Rambus in a research note on Tuesday, April 28th. Finally, Zacks Research upgraded shares of Rambus to a “hold” rating in a research note on Monday, January 26th.

Insider Buying and Selling

In related news, CFO Desmond Lynch sold 4,273 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.53, for a total transaction of $433,837.69. Following the sale, the chief financial officer owned 63,618 shares in the company, valued at $6,459,135.54. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Meera Rao sold 2,972 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $446,691.60. Following the sale, the director owned 19,974 shares in the company, valued at approximately $3,002,092.20. This trade represents a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,123 shares of company stock worth $6,295,577 over the last quarter. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Krilogy Financial LLC grew its position in Rambus by 3.8% in the 1st quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 81 shares during the last quarter. Oak Grove Capital LLC grew its position in Rambus by 1.3% in the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Rambus by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 24,085 shares of the semiconductor company’s stock worth $2,213,000 after purchasing an additional 103 shares during the last quarter. Balefire LLC grew its position in Rambus by 3.8% in the 1st quarter. Balefire LLC now owns 2,932 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 108 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Rambus by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,445 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Rambus Stock Performance

Shares of Rambus stock opened at $129.24 on Monday. The firm has a market cap of $13.98 billion, a PE ratio of 61.54 and a beta of 1.79. The firm’s 50-day simple moving average is $104.61 and its 200-day simple moving average is $102.25. Rambus has a 1 year low of $50.89 and a 1 year high of $161.80.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, April 27th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $180.19 million for the quarter, compared to analyst estimates of $179.94 million. Rambus had a net margin of 31.90% and a return on equity of 17.41%. On average, equities analysts predict that Rambus will post 2.44 earnings per share for the current year.

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.