Equities research analysts forecast that Rambus Inc. (NASDAQ:RMBS) will announce $101.90 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rambus’ earnings, with the lowest sales estimate coming in at $101.69 million and the highest estimate coming in at $102.00 million. Rambus posted sales of $101.89 million during the same quarter last year, which would indicate a positive year over year growth rate of 0%. The firm is expected to report its next earnings results on Monday, February 4th.

On average, analysts expect that Rambus will report full year sales of $401.04 million for the current fiscal year, with estimates ranging from $400.81 million to $401.20 million. For the next fiscal year, analysts anticipate that the firm will post sales of $401.76 million, with estimates ranging from $400.00 million to $404.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Rambus.

Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, October 29th. The semiconductor company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.23). The company had revenue of $59.80 million for the quarter, compared to analyst estimates of $100.00 million. Rambus had a negative net margin of 45.18% and a positive return on equity of 7.78%. Rambus’s quarterly revenue was down 39.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS.

Several brokerages recently weighed in on RMBS. BidaskClub lowered Rambus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. ValuEngine lowered Rambus from a “sell” rating to a “strong sell” rating in a research report on Monday, October 8th. Roth Capital cut their price objective on Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Deutsche Bank cut their price objective on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, TheStreet lowered Rambus from a “c-” rating to a “d” rating in a research report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.80.

In related news, Vice Chairman Charles Kissner sold 5,896 shares of Rambus stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $10.59, for a total value of $62,438.64. Following the completion of the transaction, the insider now directly owns 33,347 shares in the company, valued at $353,144.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jae Kim sold 7,292 shares of Rambus stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $8.68, for a total value of $63,294.56. Following the completion of the transaction, the senior vice president now owns 122,532 shares of the company’s stock, valued at $1,063,577.76. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in Rambus by 3.9% in the first quarter. Principal Financial Group Inc. now owns 865,392 shares of the semiconductor company’s stock valued at $11,623,000 after acquiring an additional 32,096 shares during the period. Hartford Investment Management Co. acquired a new position in Rambus in the second quarter valued at approximately $168,000. First Trust Advisors LP acquired a new position in Rambus in the second quarter valued at approximately $1,449,000. KBC Group NV boosted its stake in Rambus by 41.8% in the second quarter. KBC Group NV now owns 138,569 shares of the semiconductor company’s stock valued at $1,738,000 after acquiring an additional 40,817 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Rambus in the second quarter valued at approximately $285,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

NASDAQ:RMBS traded down $0.51 during trading hours on Wednesday, reaching $8.41. 546,981 shares of the company traded hands, compared to its average volume of 598,365. The stock has a market cap of $946.13 million, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.18 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.91 and a current ratio of 8.02. Rambus has a 1-year low of $7.30 and a 1-year high of $14.95.

Rambus Company Profile

Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.

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Earnings History and Estimates for Rambus (NASDAQ:RMBS)

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