Media stories about Rambus (NASDAQ:RMBS) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rambus earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.4651768255187 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Several equities analysts have weighed in on RMBS shares. ValuEngine raised shares of Rambus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank started coverage on shares of Rambus in a report on Tuesday, March 27th. They set a “buy” rating and a $17.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of Rambus in a report on Thursday, January 25th. Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, BidaskClub downgraded shares of Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.41.
Shares of NASDAQ:RMBS opened at $13.47 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 2.76 and a debt-to-equity ratio of 0.30. Rambus has a 1-year low of $11.30 and a 1-year high of $15.50. The company has a market cap of $1,486.68, a price-to-earnings ratio of 26.90, a PEG ratio of 2.03 and a beta of 0.48.
Rambus (NASDAQ:RMBS) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, hitting the 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 the consensus estimate of $101.25 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. equities research analysts predict that Rambus will post 0.66 EPS for the current fiscal year.
In other news, Director Charles Kissner sold 6,347 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total value of $90,571.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Laura Stark sold 2,940 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $14.10, for a total transaction of $41,454.00. Following the completion of the transaction, the senior vice president now directly owns 199,673 shares in the company, valued at approximately $2,815,389.30. The disclosure for this sale can be found here. Insiders sold 24,925 shares of company stock worth $335,030 in the last three months. 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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