Analysts expect Rambus Inc. (NASDAQ:RMBS) to report $97.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Rambus’ earnings. Rambus reported sales of $97.35 million during the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The firm is expected to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Rambus will report full year sales of $97.00 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will post sales of $420.50 million per share, with estimates ranging from $416.00 million to $425.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Rambus.
Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $101.89 million for the quarter, compared to analysts’ expectations of $101.25 million. Rambus had a negative net margin of 31.18% and a negative return on equity of 22.07%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS.
Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut shares of Rambus from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research cut shares of Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Benchmark restated a “buy” rating and set a $18.00 target price (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Finally, Citigroup upped their target price on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.32.
Rambus (RMBS) traded down $0.15 on Tuesday, reaching $12.32. 725,604 shares of the company’s stock traded hands, compared to its average volume of 945,288. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The company has a market cap of $1,350.00, a PE ratio of -72.47, a P/E/G ratio of 1.88 and a beta of 0.52. Rambus has a 1-year low of $11.30 and a 1-year high of $15.50.
In other 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 completion of the sale, the senior vice president now owns 200,797 shares of the company’s stock, valued at approximately $2,955,731.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Kim sold 7,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $14.90, for a total transaction of $104,300.00. Following the sale, the senior vice president now directly owns 99,580 shares of the company’s stock, valued at approximately $1,483,742. The disclosure for this sale can be found here. Insiders have sold a total of 40,989 shares of company stock valued at $574,214 in the last ninety days. Insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Rambus by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 10,036,227 shares of the semiconductor company’s stock valued at $114,714,000 after purchasing an additional 188,666 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Rambus by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,474,536 shares of the semiconductor company’s stock valued at $59,736,000 after purchasing an additional 12,609 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Rambus by 28.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,231,286 shares of the semiconductor company’s stock valued at $60,169,000 after purchasing an additional 941,800 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Rambus by 9.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock worth $50,774,000 after acquiring an additional 329,930 shares in the last quarter. Finally, State Street Corp increased its holdings in Rambus by 4.0% in the 2nd quarter. State Street Corp now owns 3,084,528 shares of the semiconductor company’s stock worth $35,256,000 after acquiring an additional 119,833 shares in the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.
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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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