Rambus, Inc. (NASDAQ:RMBS) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.16-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $98-104 million, compared to the consensus revenue estimate of $100.54 million.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Rambus from a sell rating to a strong sell rating in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a hold rating and issued a $14.00 price target (up previously from $13.50) on shares of Rambus in a report on Tuesday, July 25th. TheStreet upgraded shares of Rambus from a c+ rating to a b- rating in a report on Friday, October 13th. J P Morgan Chase & Co lowered shares of Rambus from an overweight rating to a neutral rating and set a $15.00 price target for the company. in a report on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of Rambus from a buy rating to a hold rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $14.75.

Rambus, Inc. (RMBS) traded up 0.36% during midday trading on Monday, hitting $13.75. 1,473,957 shares of the stock traded hands. The company’s 50-day moving average is $13.39 and its 200 day moving average is $12.68. The firm has a market cap of $1.50 billion, a P/E ratio of 229.17 and a beta of 0.82. Rambus, Inc. has a 12-month low of $11.30 and a 12-month high of $14.39.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The business had revenue of $99.10 million during the quarter, compared to analyst estimates of $99.00 million. During the same quarter last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Rambus, Inc. will post $0.65 EPS for the current fiscal year.

In other news, Director David A. Shrigley sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the transaction, the director now owns 46,253 shares of the company’s stock, valued at $600,363.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jae Kim sold 42,449 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $12.71, for a total transaction of $539,526.79. Following the completion of the transaction, the senior vice president now directly owns 120,126 shares of the company’s stock, valued at approximately $1,526,801.46. The disclosure for this sale can be found here. In the last three months, insiders sold 72,799 shares of company stock valued at $941,231. Insiders own 2.00% 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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