Rambus Inc. (NASDAQ:RMBS) was the recipient of unusually large options trading activity on Monday. Traders bought 1,812 call options on the stock. This is an increase of 622% compared to the average volume of 251 call options.
Several research analysts recently commented on RMBS shares. BidaskClub raised shares of Rambus from a “strong sell” rating to a “sell” rating in a research note on Friday, March 9th. Credit Suisse Group started coverage on shares of Rambus in a research note on Tuesday, May 29th. They issued a “neutral” rating and a $16.00 target price on the stock. Deutsche Bank started coverage on shares of Rambus in a research note on Tuesday, March 27th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, May 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.24.
In other Rambus news, SVP Jae Kim sold 2,297 shares of Rambus stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $13.50, for a total transaction of $31,009.50. Following the transaction, the senior vice president now directly owns 128,684 shares of the company’s stock, valued at $1,737,234. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its holdings in shares of Rambus by 4,945.2% during the 1st quarter. US Bancorp DE now owns 10,494 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 10,286 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Rambus during the 1st quarter valued at $148,000. Xact Kapitalforvaltning AB bought a new stake in shares of Rambus during the 4th quarter valued at $240,000. Profund Advisors LLC boosted its holdings in shares of Rambus by 35.4% during the 1st quarter. Profund Advisors LLC now owns 22,044 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 5,762 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its holdings in shares of Rambus by 30.9% during the 1st quarter. Glen Harbor Capital Management LLC now owns 24,616 shares of the semiconductor company’s stock valued at $331,000 after buying an additional 5,814 shares in the last quarter. 81.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ RMBS opened at $12.59 on Tuesday. The company has a current ratio of 3.44, a quick ratio of 3.40 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.35 billion, a P/E ratio of 27.98, a PEG ratio of 1.88 and a beta of 0.46. Rambus has a 52 week low of $11.30 and a 52 week high of $15.50.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.31). The company had revenue of $100.50 million for 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 revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. analysts anticipate that Rambus will post 0.67 earnings per share for the current fiscal year.
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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