Shares of Rambus Inc. (NASDAQ:RMBS) have received an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.41.
A number of equities research analysts have weighed in on RMBS shares. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, May 11th. Credit Suisse Group started coverage on Rambus in a research note on Tuesday, May 29th. They issued a “neutral” rating and a $16.00 price objective for the company. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Finally, ValuEngine cut Rambus from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st.
Institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc raised its stake in shares of Rambus by 471.4% during the second 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 during the last quarter. US Bancorp DE raised its stake in shares of Rambus by 4,945.2% during the first quarter. US Bancorp DE now owns 10,494 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 10,286 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in shares of Rambus during the second quarter worth approximately $143,000. Zeke Capital Advisors LLC purchased a new stake in shares of Rambus during the first quarter worth approximately $148,000. Finally, Hartford Investment Management Co. purchased a new stake in shares of Rambus during the second quarter worth approximately $168,000. Institutional investors and hedge funds own 80.42% of the company’s stock.
NASDAQ RMBS traded down $0.20 on Monday, reaching $11.58. The stock had a trading volume of 670,862 shares, compared to its average volume of 591,281. The company has a current ratio of 3.53, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. Rambus has a 12-month low of $11.48 and a 12-month high of $15.50. The stock has a market cap of $1.26 billion, a P/E ratio of 25.73, a P/E/G ratio of 1.61 and a beta of 0.19.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. Rambus had a positive return on equity of 8.45% and a negative net margin of 22.63%. The company had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $96.78 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts predict that Rambus will post 0.73 earnings per share for the current year.
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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