Press coverage about Rambus (NASDAQ:RMBS) has been trending positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rambus earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 44.36481572247 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of RMBS stock traded down $0.25 during trading hours on Friday, reaching $13.45. 653,283 shares of the stock were exchanged, compared to its average volume of 841,833. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.76 and a current ratio of 2.80. Rambus has a 12-month low of $11.30 and a 12-month high of $15.50. The firm has a market capitalization of $1,514.31, a price-to-earnings ratio of 29.89, a PEG ratio of 2.07 and a beta of 0.48.
Rambus (NASDAQ:RMBS) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.54%. The firm had revenue of $101.89 million for the quarter, compared to analyst estimates of $101.25 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. equities analysts forecast that Rambus will post 0.66 EPS for the current fiscal year.
Several analysts recently issued reports on RMBS shares. BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Rambus from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Deutsche Bank started coverage on shares of Rambus in a report on Tuesday, March 27th. They issued a “buy” rating and a $17.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of Rambus in a report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Rambus presently has a consensus rating of “Hold” and a consensus target price of $16.41.
In related news, SVP Laura Stark sold 2,936 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.00, for a total value of $35,232.00. Following the completion of the transaction, the senior vice president now directly owns 236,053 shares of the company’s stock, valued at $2,832,636. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Kissner sold 6,347 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were 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 have sold 24,925 shares of company stock worth $335,030 over the last 90 days. Insiders own 3.20% of the company’s stock.
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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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