Rambus Inc. (NASDAQ:RMBS – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.17.
RMBS has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on Rambus from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, April 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Rambus from $45.00 to $55.00 in a research note on Monday, April 24th. Jefferies Financial Group raised Rambus from a “hold” rating to a “buy” rating in a research note on Thursday, May 18th. StockNews.com initiated coverage on Rambus in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $60.00 target price on shares of Rambus in a research report on Wednesday, April 5th.
Insiders Place Their Bets
In other Rambus news, CEO Luc Seraphin sold 4,556 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $49.39, for a total transaction of $225,020.84. Following the transaction, the chief executive officer now directly owns 255,332 shares in the company, valued at $12,610,847.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 104,556 shares of company stock valued at $4,986,896 over the last quarter. Company insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Rambus Trading Down 0.3 %
RMBS opened at $60.38 on Wednesday. The stock has a fifty day simple moving average of $54.79 and a two-hundred day simple moving average of $46.24. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 123.22 and a beta of 1.31. Rambus has a 12-month low of $20.00 and a 12-month high of $68.54.
Rambus (NASDAQ:RMBS – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The semiconductor company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.39). Rambus had a net margin of 11.76% and a return on equity of 21.75%. The firm had revenue of $113.76 million for the quarter, compared to the consensus estimate of $145.99 million. During the same period last year, the business earned $0.34 EPS. Rambus’s revenue was up 14.9% on a year-over-year basis. On average, analysts predict that Rambus will post 1.45 EPS for the current year.
Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and physical interface and digital controller IP to offer industry-leading, integrated memory, and interconnect subsystems.
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