Media headlines about Rambus (NASDAQ:RMBS) have trended somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rambus earned a news impact score of 0.23 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.2112308917147 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Rambus Inc. (RMBS) stock is 0.04% up to 200-SMA – Street Observer (press release) (streetobserver.com)
- A Technical Strategy for Rambus Inc. (RMBS), La-Z-Boy Incorporated (LZB) – AllStockNews (allstocknews.com)
- Rambus Inc. (RMBS) Insider STARK LAURA sold 3,640 Shares Of … – Economic News (economicsandmoney.com)
- ETFs with exposure to Rambus, Inc. : August 15, 2017 (finance.yahoo.com)
- Analysts Expect Rambus, Inc. (NASDAQ:RMBS) Will Post Quarterly Sales of $99.00 Million (americanbankingnews.com)
Rambus (RMBS) opened at 12.62 on Friday. The company has a 50-day moving average price of $12.62 and a 200 day moving average price of $12.55. Rambus has a 12 month low of $11.30 and a 12 month high of $14.50. The company has a market capitalization of $1.38 billion, a PE ratio of 210.33 and a beta of 0.90.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The firm had revenue of $94.70 million for the quarter, compared to analyst estimates of $93 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. On average, equities research analysts forecast that Rambus will post $0.65 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on RMBS shares. Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. TheStreet raised Rambus from a “c” rating to a “b-” rating in a research report on Monday, April 24th. BidaskClub cut Rambus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $13.50 price objective on shares of Rambus in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.10.
In other news, SVP Laura Stark sold 3,491 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $12.90, for a total transaction of $45,033.90. Following the completion of the sale, the senior vice president now directly owns 208,474 shares in the company, valued at approximately $2,689,314.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Shrigley sold 5,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $12.98, for a total value of $64,900.00. Following the sale, the director now owns 46,253 shares of the company’s stock, valued at $600,363.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,927 shares of company stock worth $760,522. Insiders own 2.00% of the company’s stock.
Rambus Company Profile
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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