Rambus Inc. (NASDAQ:RMBS) Receives $73.20 Average PT from Analysts

Rambus Inc. (NASDAQ:RMBS - Get Free Report) has been given an average rating of "Buy" by the four ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $73.20.

RMBS has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of Rambus from $80.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Rambus in a research report on Wednesday, March 13th.

Rambus Trading Up 2.0 %

NASDAQ:RMBS traded up $1.23 during mid-day trading on Tuesday, hitting $61.49. 993,836 shares of the company's stock traded hands, compared to its average volume of 1,613,098. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 20.50 and a beta of 1.16. The firm has a 50 day moving average of $60.72 and a two-hundred day moving average of $62.41. Rambus has a 12 month low of $43.58 and a 12 month high of $76.38.

Rambus (NASDAQ:RMBS - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. Rambus had a return on equity of 17.70% and a net margin of 72.41%. The company had revenue of $136.00 million during the quarter, compared to analyst estimates of $134.00 million. As a group, equities research analysts expect that Rambus will post 1.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP John Shinn sold 3,928 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $64.93, for a total transaction of $255,045.04. Following the sale, the senior vice president now directly owns 28,448 shares of the company's stock, valued at $1,847,128.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Xianzhi Sean Fan sold 2,004 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.00, for a total value of $110,220.00. Following the sale, the chief operating officer now directly owns 121,229 shares of the company's stock, valued at approximately $6,667,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Shinn sold 3,928 shares of the company's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $64.93, for a total value of $255,045.04. Following the transaction, the senior vice president now directly owns 28,448 shares of the company's stock, valued at $1,847,128.64. The disclosure for this sale can be found here. Insiders sold 100,554 shares of company stock worth $6,163,658 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rambus

Hedge funds have recently made changes to their positions in the business. Mesirow Institutional Investment Management Inc. increased its position in Rambus by 40.9% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 240,656 shares of the semiconductor company's stock worth $13,426,000 after acquiring an additional 69,895 shares during the period. Diversified Trust Co increased its holdings in Rambus by 3.1% in the 4th quarter. Diversified Trust Co now owns 21,549 shares of the semiconductor company's stock worth $1,471,000 after acquiring an additional 643 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Rambus during the third quarter valued at approximately $9,204,000. DekaBank Deutsche Girozentrale purchased a new stake in Rambus during the 3rd quarter valued at about $183,000. Finally, Blue Trust Inc. lifted its position in Rambus by 100.4% in the 4th quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 224 shares in the last quarter. 88.54% of the stock is owned by institutional investors.

Rambus Company Profile

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.