Rambus, Inc. (NASDAQ:RMBS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Ten analysts rate Rambus a consensus “Moderate Buy,” with six buys and four holds. The average 12-month price target is $145.88.
• Rambus exceeded quarterly expectations: The semiconductor company reported $0.77 in adjusted earnings per share versus the $0.72 consensus estimate, while revenue rose 20.4% year over year to $207.39 million.
• Institutional ownership remains high: Institutional investors and hedge funds own 88.54% of Rambus shares, while the stock recently traded at $106.76, up 3.5%.

Shares of Rambus, Inc. (NASDAQ:RMBS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $145.88.

Several analysts have commented on RMBS shares. Glj Research set a $165.00 price target on Rambus in a report on Tuesday, July 28th. Benchmark reaffirmed a "buy" rating on shares of Rambus in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Rambus in a research note on Wednesday, September 2nd. Finally, Rosenblatt Securities restated a "buy" rating and set a $165.00 target price on shares of Rambus in a report on Tuesday, July 28th.

Hedge Funds Weigh In On Rambus

A number of institutional investors have recently added to or reduced their stakes in RMBS. Krilogy Financial LLC grew its stake in shares of Rambus by 3.8% during the first quarter. Krilogy Financial LLC now owns 2,238 shares of the semiconductor company's stock valued at $193,000 after acquiring an additional 81 shares in the last quarter. Oak Grove Capital LLC grew its stake in Rambus by 1.3% during the 4th quarter. Oak Grove Capital LLC now owns 7,600 shares of the semiconductor company's stock valued at $698,000 after purchasing an additional 100 shares in the last quarter. Balefire LLC grew its stake in Rambus by 3.8% during the 1st quarter. Balefire LLC now owns 2,932 shares of the semiconductor company's stock valued at $252,000 after purchasing an additional 108 shares in the last quarter. Allworth Financial LP grew its stake in Rambus by 8.8% during the 2nd quarter. Allworth Financial LP now owns 1,847 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 150 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Rambus by 4.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,455 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

Rambus Stock Up 3.5%

RMBS stock opened at $106.76 on Thursday. Rambus has a 52-week low of $77.89 and a 52-week high of $174.10. The stock's fifty day simple moving average is $92.91 and its 200-day simple moving average is $111.13. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 48.97 and a beta of 1.88.

Rambus (NASDAQ:RMBS - Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. Rambus had a return on equity of 17.89% and a net margin of 31.69%.The firm had revenue of $207.39 million during the quarter, compared to analyst estimates of $199.30 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The business's quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Rambus will post 2.52 earnings per share for the current fiscal year.

About Rambus

Rambus Inc is a semiconductor technology company that develops and licenses high-performance chip interfaces and related intellectual property. Its technologies are designed to improve the speed, capacity, reliability and security of data transfer in memory systems and other electronic devices.

The company offers memory interface products for applications such as data centers, servers and advanced computing systems. Its portfolio includes solutions for DDR memory, high-bandwidth memory and other emerging memory architectures, as well as interface and connectivity technologies intended to support increasingly data-intensive workloads.

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