Fintel reports that on April 5, 2023,
Rosenblatt
reiterated
coverage of Rambus (NASDAQ:RMBS) with
a Buy recommendation.
Analyst Price Forecast Suggests 5.49% Upside
As of March 30, 2023,
the average one-year price target for Rambus is $51.82.
The forecasts range from a low of $39.39 to a high of $63.00.
The average price target represents an increase of 5.49% from its latest reported closing price of $49.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rambus
is $606MM, an increase of 33.28%.
The projected annual non-GAAP EPS
is $1.78.
What are Other Shareholders Doing?
FYC – First Trust Small Cap Growth AlphaDEX Fund
holds 36K shares
representing 0.03% ownership of the company.
In it’s prior filing, the firm reported owning 39K shares, representing
a decrease
of 8.00%.
The firm
increased
its portfolio allocation in RMBS by 20.03% over the last quarter.
SPTM – SPDR Portfolio Total Stock Market ETF
holds 18K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 18K shares, representing
a decrease
of 0.23%.
The firm
increased
its portfolio allocation in RMBS by 31.33% over the last quarter.
JESIX – Small Cap Index Trust NAV
holds 22K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 23K shares, representing
a decrease
of 0.70%.
The firm
increased
its portfolio allocation in RMBS by 32.86% over the last quarter.
THMAX – Thrivent Moderate Allocation Fund
holds 11K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 27K shares, representing
a decrease
of 139.27%.
The firm
decreased
its portfolio allocation in RMBS by 4.02% over the last quarter.
TRZIX – T. Rowe Price Small-Cap Index Fund
holds 5K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 4K shares, representing
an increase
of 3.53%.
The firm
increased
its portfolio allocation in RMBS by 31.77% over the last quarter.
What is the Fund Sentiment?
There are 674 funds or institutions reporting positions in Rambus.
This is an increase
of
103
owner(s) or 18.04% in the last quarter.
Average portfolio weight of all funds dedicated to RMBS is 0.30%,
a decrease
of 4.15%.
Total shares owned by institutions decreased
in the last three months by 2.39% to 109,221K shares.
The put/call ratio of RMBS is 0.27, indicating a
bullish
outlook.
Rambus Background Information
(This description is provided by the company.)
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, it is a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences.
See all Rambus regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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