Rambus Inc. (NASDAQ:RMBS) has earned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.38.
RMBS has been the subject of several analyst reports. ValuEngine raised shares of Rambus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Benchmark restated a “buy” rating and set a $18.00 price objective (up previously from $16.00) on shares of Rambus in a research report on Thursday, January 25th. Zacks Investment Research cut shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Citigroup raised their price objective on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research report on Wednesday, October 25th.
In related news, SVP Jae Kim sold 7,000 shares of Rambus stock in a transaction on Monday, December 4th. The shares were sold at an average price of $14.90, for a total value of $104,300.00. Following the transaction, the senior vice president now owns 99,580 shares in the company, valued at approximately $1,483,742. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Laura Stark sold 2,936 shares of Rambus stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.00, for a total transaction of $35,232.00. Following the completion of the transaction, the senior vice president now owns 236,053 shares in the company, valued at approximately $2,832,636. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,989 shares of company stock worth $574,214. Corporate insiders own 2.00% of the company’s stock.
Rambus (NASDAQ RMBS) traded down $0.15 on Wednesday, reaching $12.32. 725,604 shares of the company traded hands, compared to its average volume of 1,059,661. The company has a market cap of $1,368.93, a P/E ratio of -72.47, a PEG ratio of 1.90 and a beta of 0.52. Rambus has a 52 week low of $11.30 and a 52 week high of $15.50. 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 (NASDAQ:RMBS) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ 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 negative net margin of 4.70% and a positive return on equity of 9.56%. Rambus’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. equities analysts anticipate that Rambus will post 0.66 earnings per share for the current year.
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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