Brokerages expect Rambus, Inc. (NASDAQ:RMBS) to post $0.17 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Rambus’ earnings. Rambus reported earnings of $0.16 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is scheduled to announce its next earnings results after the market closes on Monday, October 23rd.
On average, analysts expect that Rambus will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.66. For the next fiscal year, analysts expect that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.70 to $0.74. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Rambus.
Rambus (NASDAQ:RMBS) last released its earnings results on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The business had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year.
A number of analysts have recently weighed in on RMBS shares. Loop Capital reissued a “buy” rating and issued a $16.00 price objective on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Saturday, August 26th. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. J P Morgan Chase & Co cut Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, September 22nd. Finally, TheStreet cut Rambus from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.75.
Rambus (NASDAQ:RMBS) traded down 0.07% during midday trading on Friday, reaching $13.67. The company’s stock had a trading volume of 1,030,982 shares. Rambus has a 12-month low of $11.30 and a 12-month high of $14.39. The firm has a 50 day moving average price of $13.25 and a 200-day moving average price of $12.65. The company has a market cap of $1.49 billion, a P/E ratio of 227.83 and a beta of 0.82.
In other Rambus news, Director Ellis Thomas Fisher sold 6,437 shares of Rambus stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $13.65, for a total transaction of $87,865.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jae Kim sold 42,449 shares of Rambus stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $12.71, for a total value of $539,526.79. Following the sale, the senior vice president now directly owns 120,126 shares of the company’s stock, valued at approximately $1,526,801.46. The disclosure for this sale can be found here. Insiders sold a total of 72,799 shares of company stock valued at $941,231 in the last three months. Insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its position in Rambus by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 822 shares during the period. Shelton Capital Management acquired a new stake in Rambus during the 2nd quarter worth about $126,000. Trexquant Investment LP acquired a new stake in Rambus during the 2nd quarter worth about $137,000. Petrus Trust Company LTA acquired a new stake in Rambus during the 2nd quarter worth about $138,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Rambus during the 2nd quarter worth about $155,000. 76.47% of the stock is owned by institutional investors.
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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