$0.17 Earnings Per Share Expected for Rambus, Inc. (RMBS) This Quarter

Wall Street brokerages expect that Rambus, Inc. (NASDAQ:RMBS) will report earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Rambus’ earnings. Rambus reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is expected to report its next earnings report on Monday, October 23rd.

On average, analysts expect that Rambus will report full-year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.66. For the next year, analysts anticipate that the company will post earnings of $0.72 per share, with EPS estimates ranging from $0.70 to $0.74. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Rambus.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $93.00 million. During the same period in the prior year, the business posted $0.15 earnings per share. Rambus’s revenue was up 23.8% compared to the same quarter last year.

RMBS has been the topic of several recent analyst reports. BidaskClub lowered Rambus from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and set a $14.00 target price (up from $13.50) on shares of Rambus in a report on Tuesday, July 25th. TheStreet lowered Rambus from a “b-” rating to a “c+” rating in a report on Friday, June 16th. J P Morgan Chase & Co lowered Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, September 22nd. Finally, Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.75.

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Shares of Rambus (RMBS) traded down 0.37% during midday trading on Friday, hitting $13.56. The stock had a trading volume of 456,825 shares. Rambus has a one year low of $11.30 and a one year high of $14.39. The firm has a market capitalization of $1.48 billion, a PE ratio of 226.00 and a beta of 0.82. The firm’s 50-day moving average price is $13.14 and its 200-day moving average price is $12.63.

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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $12.98, for a total value of $64,900.00. Following the transaction, the director now owns 46,253 shares in the company, valued at $600,363.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,221 shares of company stock worth $944,373. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of RMBS. BlackRock Inc. lifted its holdings in Rambus by 17,759.2% during the first quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock worth $189,990,000 after acquiring an additional 14,377,880 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Rambus by 40.1% in the second quarter. Renaissance Technologies LLC now owns 2,908,586 shares of the semiconductor company’s stock valued at $33,245,000 after purchasing an additional 832,386 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Rambus by 420.9% in the first quarter. Teachers Advisors LLC now owns 928,813 shares of the semiconductor company’s stock valued at $12,205,000 after purchasing an additional 750,499 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rambus by 5.5% in the first quarter. Vanguard Group Inc. now owns 9,847,561 shares of the semiconductor company’s stock valued at $129,396,000 after purchasing an additional 513,316 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Rambus by 8.6% in the first quarter. State Street Corp now owns 2,964,695 shares of the semiconductor company’s stock valued at $38,956,000 after purchasing an additional 233,572 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

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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