Rambus (RMBS)

[eastunder]

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Rambus (RMBS) PT Bumped to $15 at Jefferies

http://www.streetinsider.com/Analyst+PT+Change/Rambus+%28RMBS%29+PT+Bumped+to+%2415+at+Jefferies/9678672.html

Jefferies analyst Sundeep Bajikar reiterated a Hold rating and boosted its price target on Rambus Inc. (NASDAQ: RMBS) to $15.00 (from $14.00) following Q2 results.

Bajikar comments, "Q2 results and guidance indicate good execution and progress in engaging customers with advanced technology. While quarterly visibility into specific business segments or customers is likely to remain limited near term, we continue to believe Rambus is in a good position to monetize its advanced IP in an environment where semiconductor device scaling challenges are likely to intensify further."

The firm trimmed Q3 EPS from $0.07 to $0.02 and FY 2014 EPS from $0.23 to $0.16 and FY 2015 EPS from $0.56 to $0.35.