Rambus (NASDAQ:RMBS) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, February 4th.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank dropped their price objective on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Roth Capital dropped their price objective on Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Saturday, February 2nd. Finally, TheStreet downgraded Rambus from a “c-” rating to a “d” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.00.
Rambus stock opened at $10.38 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.52 and a current ratio of 7.62. Rambus has a one year low of $7.17 and a one year high of $14.30. The firm has a market cap of $1.15 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.74.
Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, January 28th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. Rambus had a positive return on equity of 8.05% and a negative net margin of 28.74%. The company had revenue of $102.00 million for the quarter, compared to analysts’ expectations of $102.00 million. During the same period last year, the firm posted $0.19 earnings per share. Rambus’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that Rambus will post 0.75 EPS for the current fiscal year.
In other Rambus news, SVP Jae Kim sold 21,215 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $9.33, for a total value of $197,935.95. Following the transaction, the senior vice president now owns 103,068 shares of the company’s stock, valued at $961,624.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Shrigley sold 20,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $10.45, for a total value of $209,000.00. Following the completion of the transaction, the director now directly owns 42,155 shares in the company, valued at approximately $440,519.75. The disclosure for this sale can be found here. In the last three months, insiders sold 48,507 shares of company stock worth $470,231. 3.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of RMBS. Oregon Public Employees Retirement Fund bought a new position in shares of Rambus in the fourth quarter worth about $41,000. Federated Investors Inc. PA raised its stake in shares of Rambus by 57.1% in the third quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after buying an additional 1,487 shares during the period. ETF Managers Group LLC raised its stake in shares of Rambus by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock worth $74,000 after buying an additional 1,323 shares during the period. CWM Advisors LLC bought a new position in shares of Rambus in the fourth quarter worth about $77,000. Finally, Paloma Partners Management Co bought a new position in shares of Rambus in the fourth quarter worth about $86,000. 76.97% of the stock is currently owned by institutional investors.
Rambus Company Profile
Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.
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