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

Shares of Rambus Inc. (NASDAQ:RMBS) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.80.

A number of equities analysts have commented on RMBS shares. TheStreet downgraded Rambus from a “c-” rating to a “d” rating in a research note on Tuesday, October 30th. Deutsche Bank dropped their target price on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Roth Capital dropped their target price on Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. Finally, ValuEngine cut Rambus from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th.

In other Rambus news, SVP Jae Kim sold 7,292 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $8.68, for a total value of $63,294.56. Following the transaction, the senior vice president now owns 122,532 shares of the company’s stock, valued at $1,063,577.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RMBS. Federated Investors Inc. PA grew its position in Rambus by 57.1% during the 3rd quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,487 shares in the last quarter. NumerixS Investment Technologies Inc grew its position in Rambus by 471.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 6,600 shares in the last quarter. Laurion Capital Management LP purchased a new position in Rambus during the 3rd quarter worth approximately $161,000. Virtu Financial LLC purchased a new position in Rambus during the 3rd quarter worth approximately $184,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Rambus by 152.2% during the 3rd quarter. Pacer Advisors Inc. now owns 17,224 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 10,395 shares in the last quarter. Hedge funds and other institutional investors own 76.74% of the company’s stock.

Shares of RMBS stock traded up $0.03 during trading hours on Friday, reaching $8.30. 82,417 shares of the company’s stock were exchanged, compared to its average volume of 900,745. The company has a market cap of $896.22 million, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61. Rambus has a 1 year low of $7.17 and a 1 year high of $14.61. The company has a current ratio of 8.02, a quick ratio of 7.91 and a debt-to-equity ratio of 0.18.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.23). Rambus had a positive return on equity of 7.78% and a negative net margin of 45.18%. The business had revenue of $59.80 million for the quarter, compared to analyst estimates of $100.00 million. During the same quarter last year, the business earned $0.19 EPS. Rambus’s revenue for the quarter was down 39.7% compared to the same quarter last year. On average, equities analysts forecast that Rambus will post 0.75 earnings per share for the current fiscal year.

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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