Shares of Rambus Inc. (NASDAQ:RMBS) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.98.

Several equities analysts have recently commented on RMBS shares. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, October 27th. Loop Capital restated a “buy” rating and issued a $19.00 price objective (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. Citigroup upped their price objective on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a report on Wednesday, October 25th. BidaskClub lowered shares of Rambus from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, JPMorgan Chase & Co. lowered shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, September 22nd.

Rambus (NASDAQ RMBS) opened at $14.18 on Friday. 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 has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The company has a market cap of $1,565.44, a P/E ratio of 157.56, a PEG ratio of 2.55 and a beta of 0.75.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, October 23rd. The semiconductor company reported $0.19 EPS for the quarter, topping the 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 firm had revenue of $99.10 million for the quarter, compared to analyst estimates of $99.00 million. During the same period in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts anticipate that Rambus will post 0.52 earnings per share for the current year.

In other Rambus news, Director Charles Kissner sold 6,347 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $14.27, for a total value of $90,571.69. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Laura Stark sold 2,940 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $14.10, for a total transaction of $41,454.00. Following the completion of the sale, the senior vice president now directly owns 199,673 shares in the company, valued at $2,815,389.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,990 shares of company stock worth $506,930. 2.00% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Zions Bancorporation purchased a new stake in shares of Rambus in the 3rd quarter valued at approximately $122,000. Ameritas Investment Partners Inc. increased its position in shares of Rambus by 9.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 822 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Rambus in the 3rd quarter valued at approximately $145,000. Shelton Capital Management purchased a new position in shares of Rambus in the 2nd quarter valued at $126,000. Finally, Nine Chapters Capital Management LLC purchased a new position in shares of Rambus in the 3rd quarter valued at $158,000. 77.01% of the stock is currently owned by institutional investors.

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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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