Shares of Rambus, Inc. (NASDAQ:RMBS) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.10.
RMBS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Rambus from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub downgraded Rambus from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. TheStreet upgraded Rambus from a “c” rating to a “b-” rating in a research note on Monday, April 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $13.50 price target on shares of Rambus in a research note on Tuesday, April 25th.
In other news, SVP Laura Stark sold 3,644 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $12.06, for a total value of $43,946.64. Following the transaction, the senior vice president now owns 209,176 shares in the company, valued at approximately $2,522,662.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 12,830 shares of company stock worth $160,008 in the last 90 days. Company insiders own 2.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Rambus by 17,759.2% in the first quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock worth $189,990,000 after buying an additional 14,377,880 shares during the period. Norges Bank bought a new stake in Rambus during the fourth quarter worth approximately $18,037,000. Primecap Management Co. CA boosted its stake in Rambus by 10.1% in the first quarter. Primecap Management Co. CA now owns 9,589,497 shares of the semiconductor company’s stock worth $126,006,000 after buying an additional 881,225 shares during the period. Teachers Advisors LLC boosted its stake in Rambus by 420.9% in the first quarter. Teachers Advisors LLC now owns 928,813 shares of the semiconductor company’s stock worth $12,205,000 after buying an additional 750,499 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Rambus by 5.5% in the first quarter. Vanguard Group Inc. now owns 9,847,561 shares of the semiconductor company’s stock worth $129,396,000 after buying an additional 513,316 shares during the period. 78.54% of the stock is currently owned by institutional investors.
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Rambus (NASDAQ:RMBS) traded down 0.77% during mid-day trading on Tuesday, reaching $12.97. The company had a trading volume of 539,893 shares. The stock has a 50 day moving average price of $12.23 and a 200 day moving average price of $12.65. Rambus has a one year low of $11.30 and a one year high of $14.50. The company has a market capitalization of $1.43 billion, a P/E ratio of 216.17 and a beta of 0.87.
Rambus (NASDAQ:RMBS) last released its quarterly earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $94.70 million during the quarter, compared to the consensus estimate of $93 million. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, equities analysts expect that Rambus will post $0.65 earnings per share for the current fiscal year.
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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