Rambus Inc. (NASDAQ:RMBS) SVP Jae Kim sold 7,292 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $8.68, for a total value of $63,294.56. Following the transaction, the senior vice president now directly owns 122,532 shares in the company, valued at approximately $1,063,577.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ RMBS opened at $8.27 on Thursday. The firm has a market cap of $912.49 million, a PE ratio of 18.38, a PEG ratio of 1.12 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.91 and a current ratio of 8.02. Rambus Inc. has a one year low of $7.30 and a one year high of $14.95.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.23). The company had revenue of $59.80 million for the quarter, compared to analysts’ expectations of $100.00 million. Rambus had a positive return on equity of 7.78% and a negative net margin of 45.18%. The business’s revenue for the quarter was down 39.7% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. As a group, research analysts expect that Rambus Inc. will post 0.75 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. ValuEngine cut Rambus from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Roth Capital dropped their price target on Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Deutsche Bank dropped their price target on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, TheStreet cut Rambus from a “c-” rating to a “d” rating in a research report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.80.
Institutional investors and hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc lifted its holdings in Rambus by 471.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 6,600 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in Rambus during the 2nd quarter worth about $143,000. Hartford Investment Management Co. purchased a new stake in Rambus during the 2nd quarter worth about $168,000. Laurion Capital Management LP purchased a new stake in Rambus during the 3rd quarter worth about $161,000. Finally, Centaurus Financial Inc. purchased a new stake in Rambus during the 2nd quarter worth about $201,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.
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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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