Shares of Rambus Inc. (NASDAQ:RMBS) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.38.
Several equities analysts recently weighed in on RMBS shares. BidaskClub lowered Rambus from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research lowered Rambus from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. ValuEngine upgraded Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Benchmark reiterated a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of Rambus in a research note on Thursday, January 25th.
In other Rambus news, Director Eric B. Stang sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 11,792 shares in the company, valued at $173,696.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Laura Stark sold 2,936 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.00, for a total value of $35,232.00. Following the transaction, the senior vice president now owns 236,053 shares in the company, valued at $2,832,636. The disclosure for this sale can be found here. Insiders have sold 29,925 shares of company stock worth $410,092 over the last 90 days. 2.00% of the stock is owned by insiders.
Shares of Rambus (NASDAQ RMBS) traded up $0.19 during trading on Friday, hitting $13.79. The company had a trading volume of 447,803 shares, compared to its average volume of 889,521. The company has a current ratio of 2.80, a quick ratio of 2.76 and a debt-to-equity ratio of 0.30. Rambus has a 1 year low of $11.30 and a 1 year high of $15.50. The stock has a market cap of $1,530.89, a price-to-earnings ratio of -81.17, a PEG ratio of 2.11 and a beta of 0.50.
Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Rambus had a positive return on equity of 9.54% and a negative net margin of 4.70%. The firm had revenue of $101.89 million during the quarter, compared to analyst estimates of $101.25 million. During the same quarter in the previous year, the business earned $0.16 EPS. Rambus’s revenue for the quarter was up 4.4% compared to the same quarter last year. sell-side analysts anticipate that Rambus will post 0.66 earnings per share for the current fiscal year.
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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