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Rambus Inc. (RMBS) provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. 
The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems.
It also provides a portfolio of patents that covers memory architecture, high-speed serial links, and security products. The company markets its products and services through its direct sales force and distributors.
On October 31, RMBS reported 3rd Quarter September 2022 earnings of $0.46 per share on revenue of $112.2 million. The consensus earnings estimate was $0.41 per share on revenue of $141.0 million. Revenue grew 38.1% on a year-over-year basis. Shares have formed a bullish "cup and handle" and higher share prices are expected.
Entry Point: $38.70
Stop Loss: $36.80
Trading Range: $20.00 - $39.25
Target Price: $42.00
