Wall Street brokerages expect Rambus Inc. (NASDAQ:RMBS) to report earnings per share (EPS) of $0.26 for the current quarter, according to Zacks. Three analysts have issued estimates for Rambus’ earnings, with estimates ranging from $0.25 to $0.26. Rambus reported earnings per share of $0.19 during the same quarter last year, which suggests a positive year-over-year growth rate of 36.8%. The company is expected to announce its next earnings report on Monday, February 4th.

On average, analysts expect that Rambus will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.91. For the next financial year, analysts expect that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.90 to $0.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Rambus.

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

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

RMBS opened at $8.30 on Friday. The company has a market capitalization of $896.22 million, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61. The company has a current ratio of 8.02, a quick ratio of 7.91 and a debt-to-equity ratio of 0.18. Rambus has a 12-month low of $7.17 and a 12-month high of $14.61.

In related news, SVP Jae Kim sold 7,292 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $8.68, for a total transaction of $63,294.56. Following the completion of the transaction, the senior vice president now directly owns 122,532 shares of the company’s stock, valued at approximately $1,063,577.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc boosted its stake in 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 during the last quarter. Federated Investors Inc. PA grew its position in Rambus by 57.1% in the third quarter. Federated Investors Inc. PA now owns 4,091 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 1,487 shares in the last quarter. Vanguard Group Inc. grew its position in Rambus by 2.6% in the third quarter. Vanguard Group Inc. now owns 10,936,938 shares of the semiconductor company’s stock worth $119,321,000 after acquiring an additional 277,298 shares in the last quarter. Legal & General Group Plc boosted its position in Rambus by 7.4% during the third quarter. Legal & General Group Plc now owns 253,144 shares of the semiconductor company’s stock valued at $2,763,000 after buying an additional 17,482 shares during the period. Finally, Teachers Advisors LLC boosted its position in Rambus by 14.8% during the third quarter. Teachers Advisors LLC now owns 1,053,123 shares of the semiconductor company’s stock valued at $11,490,000 after buying an additional 135,937 shares during the period. Institutional investors own 76.74% of the company’s stock.

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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