Rambus, Inc. (RMBS) Given Average Recommendation of “Hold” by Brokerages
Shares of Rambus, Inc. (NASDAQ:RMBS) have received a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.00.
A number of brokerages have recently weighed in on RMBS. Loop Capital reissued a “buy” rating and set a $16.00 price objective on shares of Rambus in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Jefferies Group LLC restated a “hold” rating and set a $14.00 target price (up from $13.50) on shares of Rambus in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, TheStreet downgraded shares of Rambus from a “b-” rating to a “c+” rating in a research report on Friday, June 16th.
Rambus (NASDAQ RMBS) opened at 13.65 on Thursday. Rambus has a 12-month low of $11.30 and a 12-month high of $14.39. The company has a market capitalization of $1.49 billion, a PE ratio of 227.50 and a beta of 0.82. The stock’s 50 day moving average price is $13.23 and its 200 day moving average price is $12.64.
Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $94.70 million for the quarter, compared to analyst estimates of $93.00 million. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that Rambus will post $0.65 EPS for the current fiscal year.
In related news, SVP Laura Stark sold 4,065 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $12.96, for a total transaction of $52,682.40. Following the completion of the transaction, the senior vice president now directly owns 207,221 shares in the company, valued at $2,685,584.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellis Thomas Fisher sold 6,437 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $13.65, for a total transaction of $87,865.05. The disclosure for this sale can be found here. Insiders have sold 69,730 shares of company stock valued at $899,339 over the last 90 days. 2.00% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. acquired a new position in shares of Rambus in the first quarter worth about $117,000. Shelton Capital Management acquired a new position in shares of Rambus in the second quarter worth about $126,000. Trexquant Investment LP acquired a new position in shares of Rambus in the second quarter worth about $137,000. Petrus Trust Company LTA acquired a new position in shares of Rambus in the second quarter worth about $138,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Rambus in the second quarter worth about $155,000. Institutional investors and hedge funds own 76.47% of the company’s stock.
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.
Receive News & Ratings for Rambus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.