Rambus (NASDAQ:RMBS) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Rambus (NASDAQ:RMBS) announced its earnings results on Monday. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05, FiscalAI reports. Rambus had a net margin of 31.69% and a return on equity of 17.89%. The company had revenue of $218.29 million for the quarter, compared to the consensus estimate of $213.21 million.

Rambus Price Performance

RMBS traded up $4.67 during trading on Monday, reaching $90.32. 3,531,751 shares of the stock traded hands, compared to its average volume of 2,555,657. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 41.43 and a beta of 1.85. Rambus has a fifty-two week low of $77.89 and a fifty-two week high of $174.10. The stock’s 50-day simple moving average is $94.16 and its two-hundred day simple moving average is $112.08.

Analyst Ratings Changes

Several analysts have recently commented on RMBS shares. Glj Research set a $165.00 target price on Rambus in a research report on Tuesday, July 28th. Rosenblatt Securities reissued a “buy” rating and issued a $165.00 price target on shares of Rambus in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rambus in a research report on Wednesday, September 2nd. Finally, Benchmark reiterated a “buy” rating on shares of Rambus in a research note on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.88.

About Rambus

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.