Wall Street brokerages expect Rambus Inc. (NASDAQ:RMBS) to post $0.21 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Rambus’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. Rambus posted earnings per share of $0.17 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.5%. The firm is expected to issue its next quarterly earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Rambus will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.84 to $0.85. For the next year, analysts expect that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.93 to $0.95. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Rambus.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $101.25 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis.
RMBS has been the subject of a number of recent analyst reports. Citigroup increased their price target on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. BidaskClub cut shares of Rambus from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research cut shares of Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Loop Capital reiterated a “buy” rating and issued a $19.00 price target (up previously from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.32.
Shares of Rambus (NASDAQ:RMBS) traded up $0.02 on Friday, reaching $12.17. 507,300 shares of the company traded hands, compared to its average volume of 931,953. The firm has a market capitalization of $1,333.80, a PE ratio of -71.58, a price-to-earnings-growth ratio of 1.85 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.76. Rambus has a fifty-two week low of $11.30 and a fifty-two week high of $15.50.
In other news, Director Charles Kissner sold 6,347 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total value of $90,571.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 7,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $14.90, for a total transaction of $104,300.00. Following the completion of the transaction, the senior vice president now directly owns 99,580 shares in the company, valued at $1,483,742. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,989 shares of company stock valued at $574,214. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Quantitative Investment Management LLC bought a new position in shares of Rambus in the fourth quarter valued at about $760,000. Renaissance Technologies LLC raised its position in shares of Rambus by 28.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,231,286 shares of the semiconductor company’s stock valued at $60,169,000 after purchasing an additional 941,800 shares during the period. AXA raised its position in shares of Rambus by 499.3% in the fourth quarter. AXA now owns 358,400 shares of the semiconductor company’s stock valued at $5,096,000 after purchasing an additional 298,600 shares during the period. Geode Capital Management LLC raised its position in shares of Rambus by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,090,281 shares of the semiconductor company’s stock valued at $15,503,000 after purchasing an additional 58,426 shares during the period. Finally, Harvest Management LLC bought a new position in shares of Rambus in the fourth quarter valued at about $213,000. 78.01% of the stock is currently owned by institutional investors.
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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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