Rambus Inc. (RMBS) Given Average Rating of “Hold” by Brokerages

Shares of Rambus Inc. (NASDAQ:RMBS) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.38.

A number of analysts recently weighed in on RMBS shares. Citigroup upped 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. BidaskClub downgraded Rambus from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Zacks Investment Research downgraded Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Loop Capital reaffirmed a “buy” rating and issued a $19.00 price target (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Rambus in a report on Thursday, January 25th.

In other news, SVP Laura Stark sold 2,936 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.00, for a total value of $35,232.00. Following the completion of the sale, the senior vice president now directly owns 236,053 shares of the company’s stock, valued at $2,832,636. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jae Kim sold 7,000 shares of the 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 directly owns 99,580 shares of the company’s stock, valued at $1,483,742. The disclosure for this sale can be found here. Insiders sold 40,989 shares of company stock valued at $574,214 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Rambus by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 822 shares during the period. Zions Bancorporation acquired a new stake in shares of Rambus during the third quarter worth $122,000. Shelton Capital Management acquired a new stake in shares of Rambus during the second quarter worth $126,000. Magnetar Financial LLC acquired a new stake in shares of Rambus during the third quarter worth $145,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of Rambus during the third quarter worth $158,000. 78.01% of the stock is owned by institutional investors and hedge funds.

Shares of Rambus (NASDAQ:RMBS) opened at $12.17 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80. Rambus has a one year low of $11.30 and a one year high of $15.50. The firm has a market cap of $1,333.80, a P/E ratio of -71.58, a P/E/G ratio of 1.85 and a beta of 0.52.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, hitting the Zacks’ 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 for the quarter, compared to analyst estimates of $101.25 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. analysts predict that Rambus will post 0.66 EPS for the current fiscal year.

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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.

Analyst Recommendations for Rambus (NASDAQ:RMBS)

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