Rambus, Inc. (NASDAQ:RMBS) Stock Rated “Moderate Buy” by Wall Street Analysts

Rambus, Inc. (NASDAQ:RMBS) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $147.00.

A number of brokerages have issued reports on RMBS. Zacks Research raised Rambus from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Benchmark reissued a “buy” rating on shares of Rambus in a research report on Tuesday, July 28th. Glj Research set a $165.00 price objective on shares of Rambus in a report on Tuesday, July 28th. UBS Group set a $165.00 price objective on shares of Rambus in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Rambus in a research report on Wednesday, September 2nd.

Rambus Trading Down 7.0%

Shares of NASDAQ RMBS opened at $84.65 on Monday. The stock has a market cap of $9.07 billion, a PE ratio of 36.40 and a beta of 1.85. Rambus has a 12-month low of $77.89 and a 12-month high of $174.10. The company has a 50-day moving average of $93.82 and a 200 day moving average of $107.89.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $218.29 million for the quarter, compared to analyst estimates of $213.21 million. Rambus had a net margin of 33.40% and a return on equity of 19.43%. On average, sell-side analysts forecast that Rambus will post 2.64 EPS for the current fiscal year.

Institutional Trading of Rambus

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

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.