Rambus Inc. (NASDAQ:RMBS) Director Eric B. Stang sold 6,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $12.33, for a total transaction of $73,980.00. Following the sale, the director now directly owns 11,792 shares in the company, valued at $145,395.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Rambus Inc. (RMBS) traded down $0.28 on Thursday, hitting $11.85. 952,350 shares of the company traded hands, compared to its average volume of 979,215. Rambus Inc. has a 52-week low of $11.30 and a 52-week high of $15.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80. The firm has a market cap of $1,371.13, a P/E ratio of -69.70, a PEG ratio of 1.91 and a beta of 0.52.
Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The firm had revenue of $101.89 million during the quarter, compared to the consensus estimate of $101.25 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. sell-side analysts expect that Rambus Inc. will post 0.66 earnings per share for the current year.
Several research firms have recently issued reports on RMBS. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, October 27th. BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. TheStreet raised shares of Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. Loop Capital reissued a “buy” rating and set a $19.00 target price (up from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Finally, Citigroup increased their target price on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Rambus currently has a consensus rating of “Hold” and an average target price of $16.32.
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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