Equities research analysts forecast that Rambus Inc. (NASDAQ:RMBS) will report $97.00 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Rambus’ earnings. Rambus reported sales of $97.35 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The firm is scheduled to announce its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Rambus will report full year sales of $97.00 million for the current fiscal year. For the next financial year, analysts expect that the business will post sales of $420.50 million per share, with estimates ranging from $416.00 million to $425.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Rambus.
Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $101.89 million for the quarter, compared to analysts’ expectations of $101.25 million. Rambus had a positive return on equity of 9.56% and a negative net margin of 4.70%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share.
In other Rambus news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $14.73, for a total transaction of $73,650.00. Following the transaction, the director now directly owns 11,792 shares in the company, valued at approximately $173,696.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Laura Stark sold 4,064 shares of Rambus stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $14.72, for a total transaction of $59,822.08. Following the transaction, the senior vice president now owns 200,797 shares in the company, valued at $2,955,731.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,989 shares of company stock worth $574,214. Corporate insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wesbanco Bank Inc. purchased a new position in Rambus during the 3rd quarter worth approximately $761,000. Cubist Systematic Strategies LLC grew its holdings in shares of Rambus by 37.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 53,220 shares of the semiconductor company’s stock valued at $710,000 after acquiring an additional 14,448 shares in the last quarter. Global X MANAGEMENT CO LLC grew its holdings in shares of Rambus by 16.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 49,129 shares of the semiconductor company’s stock valued at $656,000 after acquiring an additional 6,952 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Rambus by 47.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 55,559 shares of the semiconductor company’s stock valued at $742,000 after acquiring an additional 17,954 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Rambus by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,461,927 shares of the semiconductor company’s stock valued at $51,001,000 after acquiring an additional 112,208 shares in the last quarter. Hedge funds and other institutional investors own 78.01% of the company’s stock.
Rambus (RMBS) opened at $12.15 on Tuesday. The stock has a market capitalization of $1,330.00, a price-to-earnings ratio of -71.47, a price-to-earnings-growth ratio of 1.85 and a beta of 0.52. Rambus has a twelve month low of $11.30 and a twelve month high of $15.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.76.
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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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