Shares of Rambus Inc. (NASDAQ:RMBS) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. Two equities research 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. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.38.
A number of brokerages have commented on RMBS. ValuEngine raised shares of Rambus from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut shares of Rambus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 24th. Benchmark reissued a “buy” rating and set a $18.00 price objective (up previously from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Zacks Investment Research cut shares of Rambus from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Loop Capital reissued a “buy” rating and set a $19.00 price objective (up previously from $16.00) on shares of Rambus in a research report on Tuesday, October 24th.
In related news, SVP Jae Kim sold 7,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $14.90, for a total value of $104,300.00. Following the sale, the senior vice president now 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 is available at this hyperlink. Also, SVP Laura Stark sold 2,936 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,832,636. The disclosure for this sale can be found here. Insiders sold a total of 40,989 shares of company stock worth $574,214 in the last 90 days. 2.00% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in shares of Rambus by 3.7% in the 2nd quarter. Amalgamated Bank now owns 15,208 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 549 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Rambus by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 822 shares during the last quarter. Numeric Investors LLC increased its stake in shares of Rambus by 7.8% during the 2nd quarter. Numeric Investors LLC now owns 24,800 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 1,800 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Rambus by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,901 shares of the semiconductor company’s stock worth $981,000 after purchasing an additional 1,959 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Rambus by 5.4% during the 3rd quarter. American International Group Inc. now owns 87,623 shares of the semiconductor company’s stock worth $1,170,000 after purchasing an additional 4,471 shares during the last quarter. Institutional investors own 78.01% of the company’s stock.
Shares of Rambus (NASDAQ:RMBS) traded down $0.15 on Wednesday, reaching $12.32. 725,604 shares of the company’s stock were exchanged, compared to its average volume of 1,059,661. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1,368.93, a PE ratio of -72.47, a P/E/G ratio of 1.90 and a beta of 0.52. Rambus has a twelve month low of $11.30 and a twelve month 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 business had revenue of $101.89 million for the quarter, compared to analysts’ expectations of $101.25 million. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. research analysts forecast that Rambus will post 0.66 EPS for the current fiscal year.
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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.
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