Rambus (RMBS) Releases Earnings Results

Rambus (NASDAQ:RMBS) issued its earnings results on Monday. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.36), Morningstar.com reports. The company had revenue of $100.20 million for the quarter, compared to analyst estimates of $99.00 million. Rambus had a negative net margin of 28.74% and a positive return on equity of 8.05%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS.

Rambus stock opened at $11.38 on Wednesday. The firm has a market cap of $1.31 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.78. The company has a current ratio of 7.62, a quick ratio of 7.52 and a debt-to-equity ratio of 0.18. Rambus has a 1-year low of $7.17 and a 1-year high of $14.30.

A number of equities research analysts have issued reports on RMBS shares. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Saturday, February 2nd. ValuEngine raised shares of Rambus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub raised shares of Rambus from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. TheStreet raised shares of Rambus from a “d+” rating to a “c-” rating in a research note on Friday, April 12th. Finally, Deutsche Bank lifted their target price on shares of Rambus from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.25.

In other news, SVP Jae Kim sold 21,215 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $9.33, for a total transaction of $197,935.95. Following the transaction, the senior vice president now owns 103,068 shares in the company, valued at approximately $961,624.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Seraphin sold 37,825 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $10.26, for a total transaction of $388,084.50. Following the transaction, the insider now owns 258,479 shares in the company, valued at approximately $2,651,994.54. The disclosure for this sale can be found here. Insiders have sold a total of 81,540 shares of company stock worth $820,595 in the last 90 days. 1.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Rambus by 1.8% during the 4th quarter. BlackRock Inc. now owns 15,874,559 shares of the semiconductor company’s stock valued at $121,759,000 after purchasing an additional 275,815 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Rambus by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 10,936,938 shares of the semiconductor company’s stock valued at $119,321,000 after purchasing an additional 277,298 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rambus by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,936,938 shares of the semiconductor company’s stock valued at $119,321,000 after purchasing an additional 277,298 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Rambus by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,909,106 shares of the semiconductor company’s stock valued at $45,323,000 after purchasing an additional 333,048 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Rambus by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,950,490 shares of the semiconductor company’s stock valued at $43,099,000 after purchasing an additional 1,929,517 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

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Rambus Company Profile

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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Earnings History for Rambus (NASDAQ:RMBS)

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