Wall Street brokerages predict that Rambus Inc. (NASDAQ:RMBS) will announce earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided 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 business is scheduled to announce its next earnings report 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 forecast that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.93 to $0.98. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Rambus.

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

Several research firms have recently weighed in on RMBS. BidaskClub lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Zacks Investment Research lowered shares of Rambus from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. TheStreet raised shares of Rambus from a “d+” rating to a “c-” rating in a report on Friday, April 12th. Wells Fargo & Co started coverage on shares of Rambus in a report on Tuesday, May 14th. They issued an “outperform” rating and a $11.35 price target for the company. Finally, ValuEngine raised shares of Rambus from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Rambus presently has an average rating of “Hold” and an average price target of $12.09.

In other news, CEO Luc Seraphin sold 2,674 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $11.40, for a total transaction of $30,483.60. Following the completion of the sale, the chief executive officer now owns 258,479 shares of the company’s stock, valued at $2,946,660.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 41,249 shares of company stock valued at $427,111 in the last ninety days. Insiders own 1.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Rambus by 1,319.1% during the 1st quarter. Versant Capital Management Inc now owns 2,824 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 2,625 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Rambus by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,640 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 869 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of Rambus during the 4th quarter valued at about $41,000. Marshall Wace LLP acquired a new position in shares of Rambus during the 1st quarter valued at about $46,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Rambus during the 1st quarter valued at about $70,000. 77.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:RMBS traded up $0.87 during trading on Tuesday, hitting $11.87. 782,165 shares of the stock traded hands, compared to its average volume of 1,013,325. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.87 and a quick ratio of 7.75. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.77. Rambus has a 52-week low of $7.17 and a 52-week high of $13.88.

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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