Equities analysts predict that Rambus Inc. (NASDAQ:RMBS) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Rambus’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. Rambus posted earnings per share of $0.21 during the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is scheduled to announce its next earnings results after the market closes on Monday, July 29th.

On average, analysts expect that Rambus will report full-year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.94. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.95 per share, with EPS estimates ranging from $0.93 to $0.98. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Rambus.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, April 22nd. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.36). The company had revenue of $100.20 million for the quarter, compared to analyst estimates of $99.00 million. Rambus had a positive return on equity of 5.11% and a negative net margin of 25.04%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share.

RMBS has been the topic of several research analyst reports. Deutsche Bank set a $137.00 price objective on Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, April 23rd. BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Co initiated coverage on Semtech in a research note on Tuesday, May 14th. They issued an “outperform” rating and a $48.03 price objective on the stock. Zacks Investment Research lowered Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, TheStreet raised Wayside Technology Group from a “c” rating to a “b-” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $12.09.

In related news, insider Luc Seraphin sold 18,287 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $11.98, for a total value of $219,078.26. Following the sale, the insider now directly owns 228,697 shares of the company’s stock, valued at $2,739,790.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Kissner sold 3,723 shares of Rambus stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $12.08, for a total value of $44,973.84. Following the sale, the director now directly owns 47,503 shares in the company, valued at $573,836.24. The disclosure for this sale can be found here. Insiders sold 25,434 shares of company stock worth $303,078 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in RMBS. Versant Capital Management Inc boosted its stake in shares of Rambus by 1,319.1% during the first quarter. Versant Capital Management Inc now owns 2,824 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 2,625 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Rambus by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,640 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 869 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Rambus during the first quarter worth about $46,000. Quantamental Technologies LLC bought a new position in shares of Rambus during the first quarter worth about $70,000. Finally, CWM Advisors LLC bought a new position in shares of Rambus during the fourth quarter worth about $77,000. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:RMBS traded up $0.14 during trading hours on Friday, hitting $12.21. The company’s stock had a trading volume of 2,927 shares, compared to its average volume of 402,052. The stock has a fifty day simple moving average of $11.81. The stock has a market capitalization of $1.35 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.87 and a quick ratio of 7.75. Rambus has a twelve month low of $7.17 and a twelve month high of $13.61.

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 and Estimates for Rambus (NASDAQ:RMBS)

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