Rambus (RMBS) Earning Somewhat Favorable Media Coverage, Study Shows

News coverage about Rambus (NASDAQ:RMBS) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rambus earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.4651768255187 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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RMBS stock opened at $13.86 on Tuesday. The stock has a market cap of $1,526.47, a P/E ratio of 27.62, a P/E/G ratio of 2.08 and a beta of 0.48. Rambus has a 52 week low of $11.30 and a 52 week high of $15.50. The company has a current ratio of 2.80, a quick ratio of 2.76 and a debt-to-equity ratio of 0.30.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $101.89 million for the quarter, compared to the consensus estimate of $101.25 million. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.54%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. equities analysts predict that Rambus will post 0.66 earnings per share for the current year.

RMBS has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered shares of Rambus from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Benchmark reiterated a “buy” rating and set a $18.00 price target (up from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Deutsche Bank initiated coverage on shares of Rambus in a research note on Tuesday, March 27th. They set a “buy” rating and a $17.00 price target on the stock. Finally, ValuEngine upgraded shares of Rambus from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.41.

In other Rambus news, Director Eric B. Stang sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $12.33, for a total value of $73,980.00. Following the sale, the director now owns 11,792 shares of the company’s stock, valued at $145,395.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Shrigley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $14.18, for a total transaction of $70,900.00. Following the completion of the transaction, the director now directly owns 48,045 shares of the company’s stock, valued at approximately $681,278.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,638 shares of company stock worth $203,004. 3.20% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Rambus (NASDAQ:RMBS)

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