Media stories about Rambus (NASDAQ:RMBS) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Rambus earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.234547702663 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Interesting RMBS Put And Call Options For January 2020 (stockoptionschannel.com)
- Rambus Inc. (RMBS) 1.54% away from 20 SMA – Voice Of Analysts (analystsbuzz.com)
- Rambus Delivers High-Speed SerDes Interface Solutions on GLOBALFOUNDRIES FX-14 ASIC Platform for Data Center and Enterprise (design-reuse.com)
- Rambus Delivers High-Speed SerDes Interface Solutions on GLOBALFOUNDRIES FX-14™ ASIC Platform for Data Center and Enterprise (finance.yahoo.com)
- Rambus, Inc. (RMBS) SVP Laura Stark Sells 3,069 Shares (americanbankingnews.com)
Shares of Rambus (NASDAQ:RMBS) remained flat at $13.64 during mid-day trading on Tuesday. 364,963 shares of the stock were exchanged. The firm has a market cap of $1.49 billion, a PE ratio of 227.33 and a beta of 0.82. The company’s 50-day moving average price is $13.30 and its 200 day moving average price is $12.65. Rambus has a 12 month low of $11.30 and a 12 month high of $14.39.
Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The business had revenue of $94.70 million for the quarter, compared to analyst estimates of $93.00 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, equities research analysts anticipate that Rambus will post $0.65 EPS for the current year.
A number of research analysts have recently issued reports on RMBS shares. Loop Capital restated a “buy” rating and issued a $16.00 price target on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Saturday, August 26th. BidaskClub downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. J P Morgan Chase & Co downgraded shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Friday, September 22nd. Finally, TheStreet upgraded shares of Rambus from a “c+” rating to a “b-” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.75.
In other news, Director David A. Shrigley sold 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $12.98, for a total value of $64,900.00. Following the sale, the director now owns 46,253 shares of the company’s stock, valued at approximately $600,363.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Laura Stark sold 3,069 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $13.65, for a total transaction of $41,891.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,799 shares of company stock worth $941,231. 2.00% of the stock is owned by insiders.
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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