Shares of Rambus Inc. (NASDAQ:RMBS) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.38.
RMBS has been the subject of several recent research reports. Loop Capital reaffirmed a “buy” rating and set a $19.00 target price (up from $16.00) on shares of Rambus in a report on Tuesday, October 24th. Citigroup lifted their target price on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday, October 27th. BidaskClub lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 target price (up from $16.00) on shares of Rambus in a report on Thursday, January 25th.
In related news, SVP Laura Stark sold 2,936 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.00, for a total value of $35,232.00. Following the completion of the sale, the senior vice president now owns 236,053 shares of the company’s stock, valued at approximately $2,832,636. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Kissner sold 6,347 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $14.27, for a total transaction of $90,571.69. The disclosure for this sale can be found here. In the last three months, insiders sold 40,989 shares of company stock valued at $574,214. 2.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RMBS. Dalton Greiner Hartman Maher & Co. acquired a new stake in Rambus during the 4th quarter worth $17,514,000. Renaissance Technologies LLC boosted its stake in Rambus by 28.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,231,286 shares of the semiconductor company’s stock worth $60,169,000 after purchasing an additional 941,800 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Rambus by 9.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock worth $50,774,000 after purchasing an additional 329,930 shares during the last quarter. AXA boosted its stake in Rambus by 499.3% during the 4th quarter. AXA now owns 358,400 shares of the semiconductor company’s stock worth $5,096,000 after purchasing an additional 298,600 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Rambus by 14.5% during the 4th quarter. Millennium Management LLC now owns 1,785,638 shares of the semiconductor company’s stock worth $25,392,000 after purchasing an additional 225,529 shares during the last quarter. 80.25% of the stock is owned by institutional investors.
Rambus (NASDAQ RMBS) traded down $0.15 during trading hours on Wednesday, hitting $12.32. 725,600 shares of the stock traded hands, compared to its average volume of 929,424. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.76 and a current ratio of 2.80. The stock has a market cap of $1,352.47, a price-to-earnings ratio of -72.47, a price-to-earnings-growth ratio of 1.88 and a beta of 0.52. Rambus has a 52-week low of $11.30 and a 52-week high of $15.50.
Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $101.89 million during the quarter, compared to analyst estimates of $101.25 million. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. equities research analysts forecast that Rambus will post 0.66 EPS for the current year.
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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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