Analysts expect Rambus, Inc. (NASDAQ:RMBS) to report $101.17 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Rambus’ earnings, with the lowest sales estimate coming in at $101.00 million and the highest estimate coming in at $101.50 million. Rambus posted sales of $97.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The business is scheduled to announce its next earnings report on Monday, January 29th.

On average, analysts expect that Rambus will report full-year sales of $101.17 million for the current year, with estimates ranging from $392.20 million to $392.71 million. For the next fiscal year, analysts anticipate that the company 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 a mean average based on a survey of research analysts that cover Rambus.

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

RMBS has been the subject of several research reports. Loop Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, October 27th. Citigroup boosted their price objective on Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co downgraded Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, September 22nd. Finally, TheStreet raised Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.98.

In other Rambus news, Director Ellis Thomas Fisher sold 6,437 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $13.65, for a total value of $87,865.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jae Kim sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $14.90, for a total value of $104,300.00. Following the completion of the sale, the senior vice president now owns 99,580 shares of the company’s stock, valued at approximately $1,483,742. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,647 shares of company stock valued at $508,104. 2.00% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Rambus by 1.9% during the second quarter. Vanguard Group Inc. now owns 10,036,227 shares of the semiconductor company’s stock worth $114,714,000 after purchasing an additional 188,666 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Rambus by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,474,536 shares of the semiconductor company’s stock worth $59,736,000 after acquiring an additional 12,609 shares during the period. Neuberger Berman Group LLC grew its holdings in Rambus by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock worth $50,774,000 after acquiring an additional 329,930 shares during the period. State Street Corp grew its holdings in Rambus by 4.0% during the second quarter. State Street Corp now owns 3,084,528 shares of the semiconductor company’s stock worth $35,256,000 after acquiring an additional 119,833 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Rambus by 40.1% during the second quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock worth $33,245,000 after acquiring an additional 832,386 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Rambus (RMBS) traded down $0.20 during midday trading on Thursday, reaching $14.55. The company’s stock had a trading volume of 774,900 shares, compared to its average volume of 789,987. The firm has a market cap of $1,619.23, a P/E ratio of 29.50, a P/E/G ratio of 2.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37. Rambus has a 52 week low of $11.30 and a 52 week high of $15.50.

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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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Earnings History and Estimates for Rambus (NASDAQ:RMBS)

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