Shares of Rambus Inc. (NASDAQ:RMBS) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.59.
A number of research analysts recently weighed in on RMBS shares. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Saturday, February 2nd. ValuEngine upgraded shares of Rambus from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub upgraded shares of Rambus from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. TheStreet upgraded shares of Rambus from a “d+” rating to a “c-” rating in a report on Friday, April 12th. Finally, Deutsche Bank boosted their price target on shares of Rambus from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd.
In other Rambus news, CEO Luc Seraphin sold 2,674 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $11.40, for a total transaction of $30,483.60. Following the completion of the transaction, the chief executive officer now owns 258,479 shares in the company, valued at approximately $2,946,660.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellis Thomas Fisher sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $10.23, for a total transaction of $25,575.00. The disclosure for this sale can be found here. Insiders have sold a total of 62,999 shares of company stock valued at $653,143 in the last quarter. 1.00% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Rambus by 1,319.1% in the 1st quarter. Versant Capital Management Inc now owns 2,824 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 2,625 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Rambus by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,640 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 869 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Rambus in the 1st quarter valued at $46,000. Quantamental Technologies LLC acquired a new position in shares of Rambus in the 1st quarter valued at $70,000. Finally, ETF Managers Group LLC boosted its holdings in shares of Rambus by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 1,323 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.
Shares of RMBS stock opened at $11.35 on Monday. The company has a quick ratio of 7.75, a current ratio of 7.87 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.28 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.54 and a beta of 0.82. Rambus has a fifty-two week low of $7.17 and a fifty-two week high of $13.88.
Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, April 22nd. The semiconductor company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.36). The business had revenue of $100.20 million during the quarter, compared to analyst estimates of $99.00 million. Rambus had a negative net margin of 25.04% and a positive return on equity of 5.11%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. As a group, research analysts predict that Rambus will post 0.72 EPS for the current year.
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
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