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Rambus Inc. (RMBS) provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, Asia, and internationally. 
The company offers DDR memory interface chips to module manufacturers and OEMs; physical interface and companion digital controller IPs for SoC designers; and portfolio of patents that covers memory architecture, high-speed serial links, and security products.
It also provides technology licenses to support the implementation and adoption of technology in their products or services; and a range of services, which include know-how and technology transfer, product design and development, system integration, and other services.
The company markets its products and services through its direct sales force and distributors. Shares have formed a "double bottom" formation following the company's latest quarterly results. Rambus (RMBS) reported 4th Quarter December 2021 earnings of $0.39 per share on revenue of $91.8 million. The consensus earnings estimate was $0.36 per share on revenue of $121.5 million. Revenue grew 48.2% on a year-over-year basis.
The company said it expects first quarter revenue of $119.0 million to $137.0 million. The current consensus revenue estimate is $120.40 million for the quarter ending March 31, 2022.
Higher share prices are expected for this stock.
Entry Point: $26.00
Stop Loss: $24.70
Trading Range: $17.95 - $29.89
Target Price: $28.60
RMBS closed at $29
