Wall Street analysts expect Rambus Inc. (NASDAQ:RMBS) to report earnings per share of $0.20 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Rambus’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.19. Rambus reported earnings of $0.14 per share in the same quarter last year, which indicates a positive year over year growth rate of 42.9%. The business 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 year, with EPS estimates ranging from $0.85 to $0.87. For the next financial year, analysts anticipate that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.95 to $0.96. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Rambus.
Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Rambus’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share.
A number of research analysts recently issued reports on RMBS shares. BidaskClub upgraded shares of Rambus from a “strong sell” rating to a “sell” rating in a research report on Friday, March 9th. Credit Suisse Group started coverage on shares of Rambus in a research report on Tuesday, May 29th. They set a “neutral” rating and a $16.00 target price for the company. Deutsche Bank started coverage on shares of Rambus in a research report on Tuesday, March 27th. They set a “buy” rating and a $17.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Rambus 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 the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $13.50, for a total value of $31,009.50. Following the completion of the transaction, the senior vice president now owns 128,684 shares in the company, valued at $1,737,234. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its position in shares of Rambus by 6.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 71,474 shares of the semiconductor company’s stock worth $960,000 after purchasing an additional 4,392 shares during the last quarter. Legal & General Group Plc raised its position in shares of Rambus by 2.2% during the 1st quarter. Legal & General Group Plc now owns 228,832 shares of the semiconductor company’s stock worth $3,066,000 after purchasing an additional 4,888 shares during the last quarter. Profund Advisors LLC raised its position 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 worth $296,000 after purchasing an additional 5,762 shares during the last quarter. Glen Harbor Capital Management LLC raised its position 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 worth $331,000 after purchasing an additional 5,814 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Rambus by 9.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 73,932 shares of the semiconductor company’s stock worth $993,000 after purchasing an additional 6,278 shares during the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.
NASDAQ RMBS traded up $0.16 on Monday, reaching $13.64. 22,899 shares of the company’s stock traded hands, compared to its average volume of 796,750. The company has a market capitalization of $1.46 billion, a PE ratio of 30.13, a P/E/G ratio of 2.04 and a beta of 0.41. Rambus has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. 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 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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