Media stories about Rambus (NASDAQ:RMBS) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rambus earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 44.7951775599835 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Rambus : Announces Industry’s First Functional Silicon of Server DIMM Buffer Chipset Targeted for Next-generation DDR5 (4-traders.com)
- Reasons Why You Should Add Rambus (RMBS) to Your Portfolio (finance.yahoo.com)
- Media Alert: Rambus to Demonstrate Its High-Speed Memory and SerDes IP Cores at GLOBALFOUNDRIES Technology Conference (finance.yahoo.com)
- Rambus Announces Industry’s First Functional Silicon of Server DIMM Buffer Chipset Targeted for Next-generation DDR5 (finance.yahoo.com)
- Rambus, Inc. (RMBS) Rating Lowered to Neutral at J P Morgan Chase & Co (americanbankingnews.com)
Rambus (NASDAQ:RMBS) traded down 2.32% during midday trading on Friday, reaching $13.03. 1,210,725 shares of the company’s stock traded hands. Rambus has a one year low of $11.30 and a one year high of $14.39. The stock has a market cap of $1.42 billion, a PE ratio of 217.17 and a beta of 0.91. The stock’s 50 day moving average price is $12.90 and its 200-day moving average price is $12.59.
Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The company had revenue of $94.70 million during the quarter, compared to the consensus estimate of $93.00 million. During the same period last year, the company earned $0.15 EPS. Rambus’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities analysts predict that Rambus will post $0.65 earnings per share for the current year.
RMBS has been the topic of a number of research analyst reports. Loop Capital reissued a “buy” rating and issued a $16.00 price target on shares of Rambus in a report on Tuesday, August 22nd. BidaskClub raised shares of Rambus from a “strong sell” rating to a “sell” rating in a report on Saturday, July 8th. J P Morgan Chase & Co downgraded shares of Rambus from an “overweight” rating to a “neutral” rating and set a $14.50 price target on the stock. in a report on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price target (up from $13.50) on shares of Rambus in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.63.
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In other Rambus news, SVP Jae Kim sold 42,449 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $12.71, for a total transaction of $539,526.79. Following the completion of the sale, the senior vice president now directly owns 120,126 shares in the company, valued at approximately $1,526,801.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Laura Stark sold 3,491 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $12.90, for a total value of $45,033.90. Following the sale, the senior vice president now owns 208,474 shares of the company’s stock, valued at $2,689,314.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,348 shares of company stock valued at $769,258. Corporate 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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