Brokerages Set Rambus Inc. (RMBS) Target Price at $14.00

Shares of Rambus Inc. (NASDAQ:RMBS) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.00.

Several research analysts have recently issued reports on RMBS shares. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Saturday, February 2nd. BidaskClub raised Rambus from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet raised Rambus from a “d+” rating to a “c-” rating in a research note on Friday, April 12th. Finally, ValuEngine raised Rambus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

In related news, insider Luc Seraphin sold 37,825 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $10.26, for a total value of $388,084.50. Following the completion of the transaction, the insider now owns 258,479 shares of the company’s stock, valued at approximately $2,651,994.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Shrigley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $10.45, for a total transaction of $209,000.00. Following the completion of the transaction, the director now directly owns 42,155 shares of the company’s stock, valued at approximately $440,519.75. The disclosure for this sale can be found here. Insiders have sold a total of 81,540 shares of company stock valued at $820,595 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in RMBS. Oregon Public Employees Retirement Fund acquired a new position in Rambus in the 4th quarter valued at about $41,000. Federated Investors Inc. PA raised its stake in Rambus by 57.1% in the 3rd quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,487 shares during the last quarter. ETF Managers Group LLC raised its stake in Rambus by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 1,323 shares during the last quarter. CWM Advisors LLC acquired a new position in Rambus in the 4th quarter valued at about $77,000. Finally, Paloma Partners Management Co acquired a new position in Rambus in the 4th quarter valued at about $86,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Rambus stock opened at $11.89 on Thursday. Rambus has a one year low of $7.17 and a one year high of $14.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 7.62 and a quick ratio of 7.52. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.59 and a beta of 0.78.

Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, January 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. The business had revenue of $102.00 million during the quarter, compared to the consensus estimate of $102.00 million. Rambus had a positive return on equity of 8.05% and a negative net margin of 28.74%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. On average, analysts predict that Rambus will post 0.75 earnings per share for the current year.

About Rambus

Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.

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