Jefferies Upgrade Boosts Rambus Stock as Confidence in Market Share Grows
May 19, 2023
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Rambus Inc ($NASDAQ:RMBS)., a tech leader in chip and semiconductor technology, has seen its stock get a boost after Jefferies upgraded its rating. The upgrade was due to increasing confidence in the company’s market share, which is likely to grow as a result of the surge in assurance. The company works with global leaders in the semiconductor industry, aiming to help their customers unlock the potential of memory and interfaces. The upgrade from Jefferies is expected to result in a larger market share for Rambus, as the added confidence has led to renewed interest in the company’s products.
The upgraded rating has led to a jump in share prices and suggests that Rambus may be well-positioned to capitalize on any opportunities available in the tech industry. Analysts are now watching closely to see how Rambus is able to capitalize on this newfound confidence, and how the stock fares over the coming months.
Stock Price
On Thursday, RAMBUS INC stock was significantly boosted due to a Jefferies upgrade, with the stock opening at $55.7 and closing at $58.7, representing an impressive 9.6% rise from its previous closing price of 53.6. This upgrade appears to have brought renewed confidence to the market in terms of RAMBUS INC’s market share, as investors are increasingly hopeful of the company’s future prospects. The surge in their stock price indicates that investors are more confident in RAMBUS INC’s ability to deliver returns on their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rambus Inc. More…
| Total Revenues | Net Income | Net Margin |
| 469.5 | 55.19 | 16.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rambus Inc. More…
| Operations | Investing | Financing |
| 230.39 | 151.98 | -362.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rambus Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 962.63 | 200.9 | 7.16 |
Key Ratios Snapshot
Some of the financial key ratios for Rambus Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.1% | -8.3% | 13.4% |
| FCF Margin | ROE | ROA |
| 44.7% | 5.1% | 4.1% |
Analysis
At GoodWhale, we conducted an analysis of RAMBUS INC‘s wellbeing. Our Risk Rating concluded that RAMBUS INC is a high risk investment in terms of financial and business aspects. Upon further inspection, we detected three risk warnings in RAMBUS’ income sheet, balance sheet, and financial journal. If you would like to receive deeper insights into RAMBUS’s financial and business situation, be sure to register with us. We look forward to providing you with the most accurate and up-to-date information on the company’s performance. More…
Peers
Rambus Inc. is a leading developer of high-speed memory chips and interfaces. Its products are used in a variety of applications, including personal computers, servers, and mobile devices. The company competes with Goke Microelectronics Co Ltd, 3Peak Incorporated, and Suzhou Novosense Microelectronics Co Ltd in the development of high-speed memory chips and interfaces.
– Goke Microelectronics Co Ltd ($SZSE:300672)
Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company has a market cap of 11.04B as of 2022 and a return on equity of 12.85%. Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company develops and manufactures innovative semiconductor and display products for a wide range of applications. Goke Microelectronics Co Ltd’s products are used in a variety of electronic devices, including mobile phones, computers, TVs, and more.
– 3Peak Incorporated ($SHSE:688536)
Peak Incorporated is a leading provider of analytical instruments, software, and services for the global life sciences market. The company has a market cap of 30.14B and a ROE of 9.56%. Peak Incorporated provides a wide range of products and services to help scientists and researchers advance their scientific knowledge and improve human health. The company’s products are used in a variety of applications, including drug discovery, basic research, and clinical research.
– Suzhou Novosense Microelectronics Co Ltd ($SHSE:688052)
Suzhou Novosense Microelectronics Co Ltd is a Chinese company that designs, develops, manufactures, and sells microelectronic products and services. The company has a market cap of 30.12B as of 2022 and a return on equity of 6.73%. The company’s products include integrated circuits, sensors, and other electronic components. It also provides services such as design, development, and testing of microelectronic products.
Summary
Rambus Inc. saw its stock price rise recently after Jefferies upgraded the company and expressed increased confidence in its ability to increase market share. The stock experienced a significant jump, indicating that investors are confident in Rambus’ potential for growth. Analysts believe that the company can make significant strides in terms of gaining market share, which can translate to improved financial performance. While there are risks associated with investing in Rambus, investors may see this as an opportunity to capitalize on the company’s potential and its recent stock price surge.
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