Equities research analysts expect Rambus Inc. (NASDAQ:RMBS) to report earnings of $0.23 per share for the current quarter, Zacks reports. Three analysts have made estimates for Rambus’ earnings. Rambus posted earnings per share of $0.21 during the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The company is scheduled to announce its next earnings results on Monday, May 6th.
On average, analysts expect that Rambus will report full year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.90 to $0.93. For the next year, analysts forecast that the firm will post earnings of $0.95 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Rambus.
Get Rambus alerts:Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, January 28th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. Rambus had a negative net margin of 28.74% and a positive return on equity of 8.05%. The business had revenue of $102.00 million during the quarter, compared to analysts’ expectations of $102.00 million. During the same period in the prior year, the company earned $0.19 earnings per share. The business’s revenue was up .0% compared to the same quarter last year.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Rambus from a “strong sell” rating to a “sell” rating in a report on Friday. Deutsche Bank cut their price target on shares of Rambus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. TheStreet cut shares of Rambus from a “c-” rating to a “d” rating in a report on Tuesday, October 30th. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Saturday, February 2nd. Finally, ValuEngine raised shares of Rambus from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Rambus presently has an average rating of “Hold” and an average price target of $13.00.
Shares of NASDAQ:RMBS traded down $0.22 on Friday, reaching $9.83. The company’s stock had a trading volume of 664,379 shares, compared to its average volume of 1,552,244. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.31 and a beta of 0.74. Rambus has a 52-week low of $7.17 and a 52-week high of $14.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.52 and a current ratio of 7.62.
In other Rambus news, SVP Jae Kim sold 7,292 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $8.68, for a total transaction of $63,294.56. Following the transaction, the senior vice president now directly owns 122,532 shares in the company, valued at $1,063,577.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in RMBS. Oregon Public Employees Retirement Fund acquired a new stake in shares of Rambus in the fourth quarter valued at approximately $41,000. Federated Investors Inc. PA grew its position in shares of Rambus by 57.1% in the third quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,487 shares during the last quarter. ETF Managers Group LLC grew its position in shares of Rambus by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 1,323 shares during the last quarter. CWM Advisors LLC acquired a new stake in shares of Rambus in the fourth quarter valued at approximately $77,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Rambus in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 76.63% of the company’s stock.
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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