Rambus (NASDAQ:RMBS) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 3rd. Analysts expect Rambus to post earnings of $0.21 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, May 4th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.30). The business had revenue of $63.99 million for the quarter, compared to the consensus estimate of $72.50 million. Rambus had a negative return on equity of 2.53% and a negative net margin of 29.97%. The company’s revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, analysts expect Rambus to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:RMBS opened at $14.76 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 8.48 and a quick ratio of 8.35. The firm has a 50-day moving average of $14.79 and a 200-day moving average of $14.09. The company has a market cap of $1.67 billion, a PE ratio of -22.71, a PEG ratio of 1.18 and a beta of 0.98. Rambus has a one year low of $9.01 and a one year high of $16.98.
Several equities research analysts have recently commented on the stock. Deutsche Bank boosted their target price on shares of Rambus from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. BidaskClub downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Saturday, May 9th. Roth Capital reaffirmed a “buy” rating on shares of Rambus in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group boosted their target price on shares of Rambus from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $17.05.
In related news, CEO Luc Seraphin sold 4,333 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $14.02, for a total transaction of $60,748.66. Following the sale, the chief executive officer now directly owns 209,160 shares in the company, valued at approximately $2,932,423.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jae Kim sold 5,174 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $16.00, for a total transaction of $82,784.00. Following the sale, the senior vice president now owns 109,231 shares in the company, valued at $1,747,696. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
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.
Featured Article: What is a Futures Contract?
Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.