Wall Street brokerages predict that Rambus Inc. (NASDAQ:RMBS) will announce $0.09 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Rambus’ earnings. Rambus reported earnings of $0.12 per share in the same quarter last year, which indicates a negative year over year growth rate of 25%. The company is scheduled to report its next quarterly earnings report on Monday, July 17th.
According to Zacks, analysts expect that Rambus will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.43 to $0.46. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Rambus.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, April 24th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Rambus had a net margin of 2.03% and a return on equity of 9.64%. The business had revenue of $97.40 million during the quarter, compared to the consensus estimate of $95.52 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year.
A number of research analysts have issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $13.50 target price on shares of Rambus in a research note on Tuesday, April 25th. TheStreet raised shares of Rambus from a “c” rating to a “b-” rating in a research note on Monday, April 24th. Zacks Investment Research lowered shares of Rambus from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. Finally, JPMorgan Chase & Co. raised shares of Rambus from a “neutral” rating to an “overweight” rating and set a $14.50 target price for the company in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $15.00.
Rambus (RMBS) traded down 0.16% on Tuesday, reaching $12.13. 1,000,132 shares of the company traded hands. Rambus has a 12 month low of $11.28 and a 12 month high of $14.50. The company has a market capitalization of $1.36 billion, a P/E ratio of 173.29 and a beta of 0.99. The company has a 50-day moving average price of $12.33 and a 200-day moving average price of $13.02.
In related news, SVP Laura Stark sold 3,992 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $12.46, for a total value of $49,740.32. Following the sale, the senior vice president now directly owns 210,229 shares in the company, valued at approximately $2,619,453.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 12,488 shares of company stock worth $159,398 over the last quarter. Insiders own 2.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new stake in Rambus during the first quarter worth about $1,026,000. State Street Corp raised its stake in Rambus by 8.6% in the first quarter. State Street Corp now owns 2,964,695 shares of the semiconductor company’s stock worth $38,956,000 after buying an additional 233,572 shares in the last quarter. Bank of America Corp DE raised its stake in Rambus by 58.0% in the first quarter. Bank of America Corp DE now owns 375,698 shares of the semiconductor company’s stock worth $4,937,000 after buying an additional 137,978 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Rambus by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 446,331 shares of the semiconductor company’s stock worth $5,865,000 after buying an additional 36,097 shares in the last quarter. Finally, KCG Holdings Inc. raised its stake in Rambus by 18.6% in the first quarter. KCG Holdings Inc. now owns 72,435 shares of the semiconductor company’s stock worth $952,000 after buying an additional 11,335 shares in the last quarter. Institutional investors and hedge funds own 78.78% of the company’s stock.
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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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