Brokerages Set Rambus Inc. (NASDAQ:RMBS) Target Price at $80.00

Rambus Inc. (NASDAQ:RMBS) has been assigned an average recommendation of “Buy” from the four research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $80.00.

A number of research analysts recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $75.00 target price (up from $72.00) on shares of Rambus in a research note on Monday, May 13th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Rambus in a research note on Wednesday, March 13th.

Rambus Stock Up 1.3 %

Shares of RMBS stock opened at $56.61 on Friday. Rambus has a 12 month low of $48.13 and a 12 month high of $76.38. The firm has a market cap of $6.10 billion, a PE ratio of 17.31 and a beta of 1.19. The stock has a 50 day moving average of $56.36 and a 200-day moving average of $61.08.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $133.60 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%. As a group, equities analysts predict that Rambus will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling at Rambus

In other Rambus news, Director Eric B. Stang sold 5,408 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $56.95, for a total value of $307,985.60. Following the sale, the director now directly owns 32,422 shares in the company, valued at $1,846,432.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Luc Seraphin sold 15,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $61.35, for a total transaction of $920,250.00. Following the sale, the chief executive officer now owns 268,321 shares in the company, valued at $16,461,493.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric B. Stang sold 5,408 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $56.95, for a total value of $307,985.60. Following the sale, the director now owns 32,422 shares in the company, valued at approximately $1,846,432.90. The disclosure for this sale can be found here. Insiders have sold 40,938 shares of company stock worth $2,451,575 over the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Rambus

Several large investors have recently made changes to their positions in RMBS. Rise Advisors LLC bought a new stake in shares of Rambus during the first quarter worth $28,000. Blue Trust Inc. boosted its holdings in Rambus by 100.4% in the fourth quarter. Blue Trust Inc. now owns 447 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 224 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Rambus by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 504 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Orion Capital Management LLC bought a new position in Rambus in the third quarter valued at about $39,000. Finally, GAMMA Investing LLC bought a new position in Rambus in the fourth quarter valued at about $66,000. Institutional investors own 88.54% of the company’s stock.

About Rambus

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.