Shares of Rambus, Inc. (NASDAQ:RMBS) have received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. 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 company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.98.

A number of equities research analysts have issued reports on RMBS shares. J P Morgan Chase & Co lowered shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Friday, September 22nd. Citigroup increased their target price on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, October 27th. Loop Capital reiterated a “buy” rating and set a $19.00 target price (up from $16.00) on shares of Rambus in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded Rambus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd.

In related news, SVP Laura Stark sold 2,937 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $14.48, for a total value of $42,527.76. Following the completion of the sale, the senior vice president now directly owns 205,966 shares in the company, valued at $2,982,387.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction on Monday, October 30th. The stock was sold at an average price of $14.06, for a total value of $70,300.00. Following the sale, the director now owns 53,045 shares of the company’s stock, valued at $745,812.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,647 shares of company stock valued at $403,804. 2.00% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in shares of Rambus by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 822 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Rambus during the third quarter worth $122,000. Shelton Capital Management bought a new stake in shares of Rambus during the second quarter worth $126,000. Trexquant Investment LP bought a new stake in shares of Rambus during the second quarter worth $137,000. Finally, Petrus Trust Company LTA bought a new stake in shares of Rambus during the second quarter worth $138,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Rambus (RMBS) traded down $0.16 during trading on Friday, reaching $14.80. 658,400 shares of the company traded hands, compared to its average volume of 786,955. The stock has a market cap of $1,630.00, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76. Rambus has a one year low of $11.30 and a one year high of $15.50. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.06.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The company had revenue of $99.10 million during the quarter, compared to analyst estimates of $99.00 million. During the same period in the prior year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. analysts predict that Rambus will post 0.52 EPS for the current fiscal year.

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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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