Analysts predict that Rambus Inc. (NASDAQ:RMBS) will post earnings per share of $0.20 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Rambus’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.19. Rambus reported earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 42.9%. The firm is scheduled to issue its next earnings results on Monday, July 23rd.
On average, analysts expect that Rambus will report full-year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $0.87. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.95 to $0.96. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Rambus.
Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.31). The business had revenue of $100.50 million during the quarter, compared to analysts’ expectations of $97.00 million. Rambus had a negative net margin of 17.65% and a positive return on equity of 8.46%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Rambus from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, May 11th. BidaskClub cut Rambus from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Deutsche Bank assumed coverage on Rambus in a report on Tuesday, March 27th. They set a “buy” rating and a $17.00 target price for the company. Finally, Credit Suisse Group assumed coverage on Rambus in a report on Tuesday, May 29th. They set a “neutral” rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $16.24.
Shares of NASDAQ:RMBS opened at $12.91 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.44 and a quick ratio of 3.40. Rambus has a 1 year low of $11.30 and a 1 year high of $15.50. The stock has a market cap of $1.40 billion, a PE ratio of 28.69, a PEG ratio of 1.96 and a beta of 0.41.
In other news, SVP Jae Kim sold 2,297 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $13.50, for a total transaction of $31,009.50. Following the completion of the sale, the senior vice president now owns 128,684 shares in the company, valued at approximately $1,737,234. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Rambus by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 865,392 shares of the semiconductor company’s stock worth $11,623,000 after acquiring an additional 32,096 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in Rambus during the 1st quarter worth approximately $1,248,000. Dalton Greiner Hartman Maher & Co. lifted its position in Rambus by 6.7% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 1,314,584 shares of the semiconductor company’s stock worth $17,655,000 after acquiring an additional 82,935 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in Rambus by 68.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 28,397 shares of the semiconductor company’s stock worth $381,000 after acquiring an additional 11,500 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Rambus by 7.9% during the 1st quarter. Royal Bank of Canada now owns 253,345 shares of the semiconductor company’s stock worth $3,402,000 after acquiring an additional 18,577 shares in the last quarter. 81.65% of the stock is currently owned by hedge funds and other institutional investors.
Rambus Company Profile
Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.
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