Rambus (RMBS) Issues Q1 Earnings Guidance

Rambus (NASDAQ:RMBS) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $0.17-0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18. The company issued revenue guidance of $94-100 million, compared to the consensus revenue estimate of $100.38 million.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of Rambus from a c+ rating to a b- rating in a research note on Friday, October 13th. Benchmark reiterated a buy rating and issued a $18.00 target price (up from $16.00) on shares of Rambus in a research note on Thursday. BidaskClub lowered shares of Rambus from a hold rating to a sell rating in a research note on Friday, December 29th. Zacks Investment Research lowered shares of Rambus from a buy rating to a hold rating in a research note on Tuesday, December 26th. Finally, Citigroup raised their target price on shares of Rambus from $15.30 to $15.90 and gave the company a buy rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $16.32.

Rambus (NASDAQ RMBS) traded up $0.02 during midday trading on Monday, reaching $14.20. 1,704,495 shares of the company’s stock traded hands, compared to its average volume of 759,859. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1,556.65, a price-to-earnings ratio of 157.00, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. Rambus has a 52 week low of $11.30 and a 52 week high of $15.50.

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

In other Rambus news, SVP Jae Kim sold 7,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 99,580 shares in the company, valued at approximately $1,483,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $42,527.76. Following the completion of the sale, the senior vice president now owns 205,966 shares in the company, valued at $2,982,387.68. The disclosure for this sale can be found here. Insiders sold a total of 29,990 shares of company stock worth $436,630 over the last 90 days. Company 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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