Research Analysts’ Weekly Ratings Changes for Rambus (RMBS)

A number of firms have modified their ratings and price targets on shares of Rambus (NASDAQ: RMBS) recently:

  • 2/2/2018 – Rambus was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/31/2018 – Rambus was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Rambus creates innovative hardware and software technologies, driving advancements from the data center to the mobile edge. Their chips, customizable IP cores, architecture licenses, tools, software, services, training and innovations improve the competitive advantage of their customers. They collaborate with the industry, partnering with leading ASIC and SoC designers, foundries, IP developers, EDA companies and validation labs. Their products are integrated into tens of billions of devices and systems, powering and securing diverse applications, including Big Data, Internet of Things (IoT), mobile payments, and smart ticketing. At Rambus, they are makers of better. “
  • 1/25/2018 – Rambus had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $18.00 price target on the stock, up previously from $16.00.
  • 1/24/2018 – Rambus was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/29/2017 – Rambus was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/26/2017 – Rambus was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rambus creates innovative hardware and software technologies, driving advancements from the data center to the mobile edge. Their chips, customizable IP cores, architecture licenses, tools, software, services, training and innovations improve the competitive advantage of their customers. They collaborate with the industry, partnering with leading ASIC and SoC designers, foundries, IP developers, EDA companies and validation labs. Their products are integrated into tens of billions of devices and systems, powering and securing diverse applications, including Big Data, Internet of Things (IoT), mobile payments, and smart ticketing. At Rambus, they are makers of better. “
  • 12/12/2017 – Rambus was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Rambus Inc. (NASDAQ:RMBS) opened at $11.85 on Friday. The stock has a market capitalization of $1,371.13, a P/E ratio of -69.70, a P/E/G ratio of 1.91 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80. Rambus Inc. has a 52 week low of $11.30 and a 52 week high of $15.50.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. Rambus had a positive return on equity of 9.56% and a negative net margin of 4.70%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. research analysts predict that Rambus Inc. will post 0.66 earnings per share for the current year.

In related news, Director Eric B. Stang sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $14.73, for a total transaction of $73,650.00. Following the completion of the transaction, the director now directly owns 11,792 shares in the company, valued at approximately $173,696.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Laura Stark sold 4,064 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $14.72, for a total value of $59,822.08. Following the transaction, the senior vice president now owns 200,797 shares of the company’s stock, valued at $2,955,731.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,053 shares of company stock valued at $538,982. 2.00% of the stock is currently owned by corporate insiders.

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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