1 week Ago By ABMN Staff
Rambus Inc. ( NASDAQ:RMBS – Get Free Report ) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $38.
61 and last traded at $38.75, with a volume of 171439 shares trading hands. The stock had previously closed at $39.
99. Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on RMBS shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.
00 target price (up previously from $72.00) on shares of Rambus in a research note on Monday, May 13th. Susquehanna reduced their target price on shares of Rambus from $75.
00 to $66.00 and set a “positive” rating on the stock in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.75. Read Our Latest Stock Analysis on RMBS Rambus Stock Performance Rambus ( NASDAQ:RMBS – Get Free Report ) last announced its quarterly earnings results on Monday, July 29th.
The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.
12). The firm had revenue of $132.10 million during the quarter, compared to analyst estimates of $139.
00 million. Rambus had a net margin of 48.31% and a return on equity of 16.
74%. The business’s revenue was up 10.3% on a year-over-year basis.
During the same quarter in the prior year, the business earned $0.36 earnings per share. Analysts forecast that Rambus Inc.
will post 1.41 EPS for the current year. Institutional Trading of Rambus Several hedge funds have recently bought and sold shares of RMBS.
Wellington Management Group LLP raised its holdings in Rambus by 120.4% during the 4th quarter. Wellington Management Group LLP now owns 3,933,923 shares of the semiconductor company’s stock worth $268,490,000 after buying an additional 2,149,396 shares during the period.
Norges Bank acquired a new stake in Rambus during the 4th quarter worth approximately $84,756,000. Swedbank AB acquired a new stake in Rambus during the 1st quarter worth approximately $61,377,000. AQR Capital Management LLC raised its holdings in Rambus by 559.
7% during the 2nd quarter. AQR Capital Management LLC now owns 572,930 shares of the semiconductor company’s stock worth $33,133,000 after buying an additional 486,078 shares during the period. Finally, American Century Companies Inc.
raised its holdings in Rambus by 63.8% during the 2nd quarter. American Century Companies Inc.
now owns 1,053,377 shares of the semiconductor company’s stock worth $61,897,000 after buying an additional 410,332 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.
Rambus Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.
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