Headlines about Rambus (NASDAQ:RMBS) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rambus earned a daily sentiment score of 0.35 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 44.36481572247 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
RMBS has been the topic of a number of research reports. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Benchmark restated a “buy” rating and set a $18.00 target price (up from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.32.
Shares of Rambus (NASDAQ RMBS) opened at $13.87 on Friday. The firm has a market cap of $1,503.26, a P/E ratio of -81.58, a P/E/G ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.80 and a quick ratio of 2.76. Rambus has a 52-week low of $11.30 and a 52-week high of $15.50.
Rambus (NASDAQ:RMBS) last announced 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. The business had revenue of $101.89 million for the quarter, compared to the consensus estimate of $101.25 million. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.54%. Rambus’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. research analysts predict that Rambus will post 0.66 earnings per share for the current fiscal year.
In related news, Director Eric B. Stang sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $12.33, for a total transaction of $73,980.00. Following the completion of the sale, the director now directly owns 11,792 shares of the company’s stock, valued at approximately $145,395.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $90,571.69. The disclosure for this sale can be found here. Insiders sold a total of 24,925 shares of company stock worth $336,442 over the last quarter. 2.00% of the stock is currently owned by corporate 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.
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