Wall Street brokerages expect Rambus, Inc. (NASDAQ:RMBS) to announce $0.09 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Rambus’ earnings. Rambus reported earnings of $0.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is expected to announce its next quarterly earnings report on Monday, July 17th.

On average, 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’ EPS averages are an average based on a survey of sell-side research analysts that follow 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 analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.52 million. Rambus had a return on equity of 9.70% and a net margin of 2.20%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS.

A number of research firms have commented on RMBS. TheStreet cut Rambus from a “b-” rating to a “c+” rating in a report on Friday, June 16th. BidaskClub cut Rambus from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and set a $13.50 price target on shares of Rambus in a report on Tuesday, April 25th. Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a report on Saturday, April 29th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $14.50 price target on shares of Rambus in a report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Rambus presently has an average rating of “Buy” and a consensus price target of $15.00.

Shares of Rambus (RMBS) traded down 0.61% during trading on Friday, reaching $11.48. The company’s stock had a trading volume of 144,943 shares. Rambus has a 12-month low of $11.39 and a 12-month high of $14.50. The company has a market cap of $1.28 billion, a PE ratio of 164.00 and a beta of 0.96. The company has a 50 day moving average of $12.00 and a 200 day moving average of $12.86.

In other news, SVP Laura Stark sold 4,686 shares of Rambus stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $12.75, for a total value of $59,746.50. Following the sale, the senior vice president now directly owns 211,976 shares of the company’s stock, valued at $2,702,694. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,322 shares of company stock worth $153,433 over the last ninety days. Insiders own 2.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Rambus by 88.5% in the first quarter. LS Investment Advisors LLC now owns 7,648 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 3,590 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Rambus during the first quarter valued at about $117,000. Engineers Gate Manager LP purchased a new stake in shares of Rambus during the first quarter valued at about $135,000. State of Alaska Department of Revenue boosted its stake in shares of Rambus by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 12,270 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 380 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of Rambus during the first quarter valued at about $199,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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About Rambus

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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