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 Technology Stocks : Rambus (RMBS) - Eagle or Penguin

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From: Don Green11/17/2011 11:01:32 AM
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Rambus (NASDAQ: RMBS) was downgraded by equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday. The analysts currently have a $11.50 price target on the stock.
Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Rambus in a research note to investors on Thursday, September 15th.

Rambus Inc. (Rambus) is a premier technology licensing company. The Company is engaged in designing, developing and licensing chip interface technologies and architectures. The chip interface technologies are designed for customers’ semiconductor and system products for computing, gaming and graphics, consumer electronics and mobile applications. Rambus also develops a range of solutions, including leadership and industry-standard chip interfaces that it provides to it’s customers under license for incorporation into their semiconductor and system products. In addition to its leadership solutions, the Company offers industry-standard chip interface solutions, including double data rate (DDR). It also offers digital logic controllers for Peripheral Component Interconnect (PCI) Express and DDRx memory. In December 2009, the Company added lighting technology to its portfolio of solutions through the acquisition of technology from Global Lighting Technologies Inc (GLT).

Shares of Rambus traded up 19.13% during mid-day trading on Thursday, hitting $8.47. Rambus has a 52 week low of $4.00 and a 52 week high of $22.80. The stock’s 50-day moving average is $16.31 and its 200-day moving average is $14.43. The company has a market cap of $931.4 million and a price-to-earnings ratio of 41.82.
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