Press coverage about Rambus (NASDAQ:RMBS) has trended somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rambus earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.0993667679273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Buy Technology Stock analysis: Rambus Inc. (RMBS) – Street Observer (press release) (streetobserver.com)
- Rambus, Inc. (RMBS) Expected to Announce Quarterly Sales of $99.00 Million (americanbankingnews.com)
- Rambus to Announce Third Quarter 2017 Results (finance.yahoo.com)
- $0.17 Earnings Per Share Expected for Rambus, Inc. (RMBS) This Quarter (americanbankingnews.com)
- Media Alert: Rambus to Present on Device-to-Cloud Security at Linley Processor Conference 2017 (finance.yahoo.com)
Several research firms have recently issued reports on RMBS. Zacks Investment Research lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. J P Morgan Chase & Co lowered shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, September 22nd. BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Loop Capital reissued a “buy” rating and issued a $16.00 price objective on shares of Rambus in a research report on Tuesday, August 22nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price objective (up previously from $13.50) on shares of Rambus in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Rambus presently has a consensus rating of “Hold” and an average target price of $14.75.
Rambus (NASDAQ RMBS) traded down 0.73% during midday trading on Wednesday, reaching $13.65. 469,216 shares of the company were exchanged. The firm has a market cap of $1.49 billion, a P/E ratio of 227.50 and a beta of 0.82. The firm’s 50-day moving average is $13.20 and its 200-day moving average is $12.64. Rambus has a one year low of $11.30 and a one year high of $14.39.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The business had revenue of $94.70 million for the quarter, compared to analyst estimates of $93.00 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Rambus’s revenue was up 23.8% compared to the same quarter last year. On average, equities analysts expect that Rambus will post $0.65 EPS for the current fiscal year.
In related news, Director Ellis Thomas Fisher sold 6,437 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $13.65, for a total transaction of $87,865.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Laura Stark sold 3,640 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $12.59, for a total transaction of $45,827.60. Following the transaction, the senior vice president now directly owns 207,922 shares in the company, valued at approximately $2,617,737.98. The disclosure for this sale can be found here. Insiders have sold 69,730 shares of company stock worth $899,339 in the last ninety days. 2.00% of the stock is currently owned by insiders.
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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