Rambus Inc. (NASDAQ:RMBS) has received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.00.
A number of brokerages have recently weighed in on RMBS. TheStreet upgraded Rambus from a “d+” rating to a “c-” rating in a research note on Friday, April 12th. BidaskClub upgraded Rambus from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, ValuEngine upgraded Rambus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.
In related news, Director David A. Shrigley sold 20,000 shares of Rambus stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $10.45, for a total value of $209,000.00. Following the completion of the sale, the director now directly owns 42,155 shares in the company, valued at $440,519.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellis Thomas Fisher sold 2,500 shares of Rambus stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.23, for a total value of $25,575.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,540 shares of company stock valued at $820,595. Corporate insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Rambus by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 1,565,605 shares of the semiconductor company’s stock worth $12,007,000 after buying an additional 87,048 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in Rambus during the fourth quarter worth about $114,000. Boston Partners bought a new position in Rambus during the fourth quarter worth about $1,103,000. Man Group plc boosted its holdings in Rambus by 35.0% during the third quarter. Man Group plc now owns 319,120 shares of the semiconductor company’s stock worth $3,482,000 after buying an additional 82,817 shares during the last quarter. Finally, AlphaCrest Capital Management LLC bought a new position in Rambus during the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Shares of NASDAQ:RMBS opened at $11.74 on Thursday. Rambus has a twelve month low of $7.17 and a twelve month high of $14.30. The firm has a market capitalization of $1.25 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 7.62 and a quick ratio of 7.52.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, January 28th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. Rambus had a positive return on equity of 8.05% and a negative net margin of 28.74%. The company had revenue of $102.00 million during the quarter, compared to analyst estimates of $102.00 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that Rambus will post 0.75 earnings per share for the current year.
Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
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