Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Rambus (RMBS) Share Price

News stories about Rambus (NASDAQ:RMBS) have trended somewhat positive on Wednesday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rambus earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.2267146600673 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently commented on RMBS. ValuEngine raised Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Rambus from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Benchmark reissued a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Finally, Loop Capital reissued a “buy” rating and issued a $19.00 price objective (up from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Two research 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’s stock. Rambus currently has an average rating of “Hold” and an average target price of $16.32.

Shares of Rambus (NASDAQ:RMBS) opened at $12.17 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 2.76 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1,333.80, a P/E ratio of 24.30, a P/E/G ratio of 1.85 and a beta of 0.52. Rambus has a 52-week low of $11.30 and a 52-week high of $15.50.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. Rambus had a positive return on equity of 9.56% and a negative net margin of 4.70%. Rambus’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. research analysts anticipate that Rambus will post 0.66 EPS for the current fiscal year.

In related news, Director Charles Kissner sold 6,347 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $14.27, for a total transaction of $90,571.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Laura Stark sold 2,936 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.00, for a total value of $35,232.00. Following the sale, the senior vice president now directly owns 236,053 shares of the company’s stock, valued at $2,832,636. The disclosure for this sale can be found here. Insiders have sold 40,989 shares of company stock valued at $574,214 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

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Rambus Company Profile

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.

Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

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