Rambus (RMBS) Stock Rating Lowered by BidaskClub

Rambus (NASDAQ:RMBS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other analysts also recently issued reports about the stock. TheStreet raised shares of Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. Loop Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Rambus in a research report on Tuesday, August 22nd. 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 report on Friday, October 27th. 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 report on Wednesday, October 25th. Finally, J P Morgan Chase & Co downgraded shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Friday, September 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.98.

Shares of Rambus (NASDAQ:RMBS) opened at $14.75 on Tuesday. The firm has a market cap of $1,610.44, a PE ratio of 29.34, a PEG ratio of 2.79 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.37 and a quick ratio of 1.34. Rambus has a 1 year low of $11.30 and a 1 year high of $15.50.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $99.10 million for the quarter, compared to the consensus estimate of $99.00 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. research analysts anticipate that Rambus will post 0.52 earnings per share for the current fiscal year.

In other Rambus news, SVP Laura Stark sold 4,064 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were 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 approximately $2,955,731.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Penny Herscher sold 6,437 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.44, for a total transaction of $86,513.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,646 shares of company stock worth $515,244. 2.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new position in Rambus during the 3rd quarter valued at about $122,000. Ameritas Investment Partners Inc. lifted its stake in Rambus by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 822 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Rambus during the 3rd quarter valued at about $145,000. Shelton Capital Management purchased a new stake in shares of Rambus during the 2nd quarter valued at about $126,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of Rambus during the 3rd quarter valued at about $158,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

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About Rambus

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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