Rambus Inc. (NASDAQ:RMBS) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.38.
RMBS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday, October 27th. Loop Capital restated a “buy” rating and issued a $19.00 price target (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. BidaskClub cut shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 24th. Citigroup raised their price target on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Benchmark restated a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Rambus in a report on Thursday, January 25th.
In related news, SVP Jae Kim sold 7,000 shares of Rambus stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $14.90, for a total value of $104,300.00. Following the completion of the sale, the senior vice president now directly owns 99,580 shares in the company, valued at approximately $1,483,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Laura Stark sold 2,936 shares of Rambus stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.00, for a total transaction of $35,232.00. Following the completion of the sale, the senior vice president now owns 236,053 shares of the company’s stock, valued at $2,832,636. The disclosure for this sale can be found here. Insiders sold a total of 40,989 shares of company stock valued at $574,214 over the last quarter. 2.00% of the stock is owned by company insiders.
Rambus (NASDAQ:RMBS) traded down $0.15 during trading hours on Wednesday, hitting $12.32. 725,600 shares of the stock were exchanged, compared to its average volume of 929,424. Rambus has a twelve month low of $11.30 and a twelve month high of $15.50. The company has a market cap of $1,352.47, a PE ratio of -72.47, a P/E/G ratio of 1.88 and a beta of 0.52. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.
Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The business had revenue of $101.89 million for the quarter, compared to analysts’ expectations of $101.25 million. During the same period last year, the business earned $0.16 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. equities analysts expect that Rambus will post 0.66 earnings per share for the current fiscal year.
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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