Analysts Expect Rambus (RMBS) to Post $0.21 EPS

Equities research analysts forecast that Rambus (NASDAQ:RMBS) will post $0.21 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Rambus’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Rambus reported earnings per share of $0.17 in the same quarter last year, which would suggest a positive year over year growth rate of 23.5%. The firm is scheduled to issue its next earnings report after the market closes on Monday, May 7th.

On average, analysts expect that Rambus will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $0.87. For the next year, analysts forecast that the firm will report earnings of $0.95 per share, with EPS estimates ranging from $0.93 to $0.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Rambus.

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Rambus (NASDAQ:RMBS) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $101.89 million for the quarter, compared to analyst estimates of $101.25 million. Rambus had a positive return on equity of 9.54% and a negative net margin of 4.70%. Rambus’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share.

A number of research analysts recently issued reports on RMBS shares. Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Benchmark reissued a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. ValuEngine raised Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank started coverage on Rambus in a research note on Tuesday, March 27th. They issued a “buy” rating and a $17.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.41.

In other Rambus news, SVP Laura Stark sold 2,936 shares of Rambus 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 transaction, the senior vice president now owns 236,053 shares of the company’s stock, valued at approximately $2,832,636. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.18, for a total value of $70,900.00. Following the transaction, the director now directly owns 48,045 shares in the company, valued at approximately $681,278.10. The disclosure for this sale can be found here. Insiders sold a total of 15,638 shares of company stock worth $203,004 in the last three months. 3.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Rambus by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,474,536 shares of the semiconductor company’s stock valued at $59,736,000 after acquiring an additional 12,609 shares in the last quarter. Renaissance Technologies LLC grew its stake in Rambus by 28.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,231,286 shares of the semiconductor company’s stock valued at $60,169,000 after acquiring an additional 941,800 shares in the last quarter. Millennium Management LLC grew its stake in Rambus by 14.5% during the 4th quarter. Millennium Management LLC now owns 1,785,638 shares of the semiconductor company’s stock valued at $25,392,000 after acquiring an additional 225,529 shares in the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new position in Rambus during the 4th quarter valued at about $17,514,000. Finally, Geode Capital Management LLC grew its stake in Rambus by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 1,090,281 shares of the semiconductor company’s stock valued at $15,503,000 after acquiring an additional 58,426 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

NASDAQ:RMBS traded down $0.02 during mid-day trading on Friday, reaching $13.53. 456,793 shares of the stock were exchanged, compared to its average volume of 845,214. The firm has a market cap of $1,496.63, a P/E ratio of 30.07, a PEG ratio of 2.04 and a beta of 0.48. Rambus has a 1-year low of $11.30 and a 1-year high of $15.50. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.30.

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Rambus Company Profile

Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.

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