Rambus Inc. (NASDAQ:RMBS) Receives $77.75 Consensus Target Price from Analysts

Shares of Rambus Inc. (NASDAQ:RMBS) have been given a consensus recommendation of “Buy” by the four research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $77.75.

A number of research firms have recently weighed in on RMBS. Wells Fargo & Company raised their price target on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Rambus in a report on Wednesday, March 13th.

Rambus Price Performance

RMBS opened at $56.95 on Friday. The company has a market capitalization of $6.14 billion, a PE ratio of 17.42 and a beta of 1.18. Rambus has a fifty-two week low of $46.89 and a fifty-two week high of $76.38. The business has a 50-day moving average of $59.89 and a 200-day moving average of $62.47.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). The firm had revenue of $117.90 million during the quarter, compared to analyst estimates of $132.00 million. Rambus had a return on equity of 16.99% and a net margin of 78.14%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. On average, equities research analysts expect that Rambus will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Luc Seraphin sold 15,000 shares of Rambus stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $62.17, for a total value of $932,550.00. Following the transaction, the chief executive officer now owns 304,755 shares in the company, valued at approximately $18,946,618.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Desmond Lynch sold 7,837 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $62.18, for a total transaction of $487,304.66. Following the completion of the transaction, the chief financial officer now directly owns 41,958 shares in the company, valued at $2,608,948.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Luc Seraphin sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $62.17, for a total transaction of $932,550.00. Following the completion of the sale, the chief executive officer now owns 304,755 shares in the company, valued at approximately $18,946,618.35. The disclosure for this sale can be found here. In the last three months, insiders sold 121,084 shares of company stock valued at $7,408,298. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Rambus

Large investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in shares of Rambus during the 1st quarter worth approximately $28,000. Blue Trust Inc. lifted its position in Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 224 shares during the period. Fifth Third Bancorp boosted its stake in Rambus by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Orion Capital Management LLC bought a new stake in Rambus in the 3rd quarter valued at $39,000. Finally, GAMMA Investing LLC acquired a new position in shares of Rambus in the 4th quarter valued at $66,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

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.