Rambus, Inc. (NASDAQ:RMBS) Stock Has Average Target Price of $145.88

Key Points

• Analysts maintain a “Moderate Buy” consensus on Rambus, with six buy ratings and four holds. The average 12-month price target is $145.88, with some firms setting targets as high as $165.
• Institutional ownership is substantial at 88.54%, with major investors including BlackRock, Bank of America, and Bank of New York Mellon acquiring or expanding positions.
• Rambus exceeded quarterly expectations, reporting $0.77 in EPS versus a $0.72 consensus estimate and $207.39 million in revenue, up 20.4% year over year. However, the stock opened at $85.65, well below its 12-month high of $174.10.

Rambus, Inc. (NASDAQ:RMBS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $145.88.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RMBS. BlackRock Inc. acquired a new position in Rambus during the 2nd quarter valued at about $1,853,645,000. Bank of America Corp DE acquired a new stake in shares of Rambus during the 2nd quarter worth approximately $161,774,000. Bessemer Group Inc. grew its position in shares of Rambus by 1,009.5% during the 1st quarter. Bessemer Group Inc. now owns 1,039,905 shares of the semiconductor company's stock worth $89,463,000 after buying an additional 946,177 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Rambus during the 2nd quarter worth approximately $109,940,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Rambus during the second quarter worth approximately $105,820,000. Institutional investors own 88.54% of the company's stock.

Rambus Stock Performance

Shares of NASDAQ:RMBS opened at $85.65 on Monday. Rambus has a twelve month low of $77.89 and a twelve month high of $174.10. The firm has a market cap of $9.29 billion, a PE ratio of 39.29 and a beta of 1.85. The business has a fifty day moving average of $94.16 and a 200-day moving average of $112.08.

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

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.

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