Wall Street analysts expect that Rambus, Inc. (NASDAQ:RMBS) will post sales of $101.17 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Rambus’ earnings, with the highest sales estimate coming in at $101.50 million and the lowest estimate coming in at $101.00 million. Rambus posted sales of $97.56 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The company is expected to issue its next earnings report on Monday, January 29th.

According to Zacks, analysts expect that Rambus will report full-year sales of $101.17 million for the current fiscal year, with estimates ranging from $392.20 million to $392.71 million. For the next year, analysts anticipate that the business will post sales of $413.51 million per share, with estimates ranging from $410.74 million to $415.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Rambus.

Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $99.10 million for the quarter, compared to analysts’ expectations of $99.00 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. Rambus’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS.

RMBS has been the topic of several analyst reports. Loop Capital restated a “buy” rating and set a $16.00 price target on shares of Rambus in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Saturday, August 26th. BidaskClub cut shares of Rambus from a “hold” rating to a “sell” rating in a report on Monday, July 24th. J P Morgan Chase & Co cut shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, September 22nd. Finally, TheStreet upgraded shares of Rambus from a “c+” rating to a “b-” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.98.

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Shares of Rambus (NASDAQ:RMBS) opened at 14.07 on Friday. The stock has a 50 day moving average of $13.53 and a 200-day moving average of $12.73. Rambus has a one year low of $11.30 and a one year high of $14.50. The company has a market capitalization of $1.54 billion, a PE ratio of 234.50 and a beta of 0.82.

In other news, SVP Jae Kim sold 42,449 shares of the business’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 value of $539,526.79. Following the sale, the senior vice president now owns 120,126 shares of the company’s stock, valued at $1,526,801.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Penny Herscher sold 6,437 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $13.44, for a total transaction of $86,513.28. The disclosure for this sale can be found here. In the last three months, insiders sold 67,799 shares of company stock worth $876,331. Insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of RMBS. Engineers Gate Manager LP grew its stake in Rambus by 611.4% during the second quarter. Engineers Gate Manager LP now owns 73,345 shares of the semiconductor company’s stock valued at $838,000 after acquiring an additional 63,035 shares in the last quarter. Cipher Capital LP grew its stake in Rambus by 25.2% during the second quarter. Cipher Capital LP now owns 298,503 shares of the semiconductor company’s stock valued at $3,412,000 after acquiring an additional 60,021 shares in the last quarter. Aperio Group LLC grew its stake in Rambus by 27.9% during the second quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock valued at $389,000 after acquiring an additional 7,419 shares in the last quarter. BlackRock Inc. grew its stake in Rambus by 17,759.2% during the first quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock valued at $189,990,000 after acquiring an additional 14,377,880 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Rambus by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,349,719 shares of the semiconductor company’s stock valued at $57,155,000 after acquiring an additional 216,124 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Rambus (NASDAQ:RMBS)

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