Rambus Inc. (RMBS) Receives Average Recommendation of “Buy” from Analysts

Shares of Rambus Inc. (NASDAQ:RMBS) have been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $13.00.

A number of analysts have recently commented on the company. BidaskClub raised Rambus from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Saturday, February 2nd. Finally, ValuEngine raised Rambus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

In related news, insider Luc Seraphin sold 37,825 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $10.26, for a total transaction of $388,084.50. Following the completion of the sale, the insider now directly owns 258,479 shares of the company’s stock, valued at approximately $2,651,994.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellis Thomas Fisher sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $10.23, for a total value of $25,575.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,540 shares of company stock valued at $820,595. 3.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA boosted its position in Rambus by 57.1% during the 3rd quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 1,487 shares during the last quarter. ETF Managers Group LLC boosted its position in Rambus by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 9,709 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 1,323 shares during the last quarter. CWM Advisors LLC acquired a new position in Rambus during the 4th quarter worth approximately $77,000. Paloma Partners Management Co acquired a new position in Rambus during the 4th quarter worth approximately $86,000. Finally, AlphaCrest Capital Management LLC acquired a new position in Rambus during the 4th quarter worth approximately $92,000. 76.21% of the stock is owned by institutional investors and hedge funds.

Shares of RMBS stock traded down $0.48 on Friday, reaching $10.36. The company had a trading volume of 1,166,860 shares, compared to its average volume of 1,546,482. The company has a debt-to-equity ratio of 0.18, a current ratio of 7.62 and a quick ratio of 7.52. The stock has a market cap of $1.14 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.38 and a beta of 0.78. Rambus has a 12 month low of $7.17 and a 12 month high of $14.30.

Rambus (NASDAQ:RMBS) last announced its quarterly 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. The company had revenue of $102.00 million during the quarter, compared to analysts’ expectations of $102.00 million. Rambus had a positive return on equity of 8.05% and a negative net margin of 28.74%. Rambus’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. As a group, research analysts anticipate that Rambus will post 0.75 earnings per share for the current year.

About Rambus

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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