Rambus, Inc. (RMBS) Receives $15.98 Average Target Price from Brokerages
Shares of Rambus, Inc. (NASDAQ:RMBS) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.98.
RMBS has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. Loop Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Rambus in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, October 27th. Citigroup increased their target price on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, J P Morgan Chase & Co lowered shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, September 22nd.
In other news, SVP Laura Stark sold 4,065 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $12.96, for a total transaction of $52,682.40. Following the completion of the transaction, the senior vice president now owns 207,221 shares in the company, valued at approximately $2,685,584.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David A. Shrigley sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $14.06, for a total transaction of $70,300.00. Following the transaction, the director now owns 53,045 shares of the company’s stock, valued at approximately $745,812.70. The disclosure for this sale can be found here. Insiders sold a total of 29,647 shares of company stock valued at $403,804 in the last quarter. 2.00% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its position in shares of Rambus by 611.4% during the 2nd quarter. Engineers Gate Manager LP now owns 73,345 shares of the semiconductor company’s stock valued at $838,000 after purchasing an additional 63,035 shares in the last quarter. Cipher Capital LP boosted its position in shares of Rambus by 25.2% during the 2nd quarter. Cipher Capital LP now owns 298,503 shares of the semiconductor company’s stock valued at $3,412,000 after purchasing an additional 60,021 shares in the last quarter. Aperio Group LLC boosted its position in shares of Rambus by 27.9% during the 2nd quarter. Aperio Group LLC now owns 34,028 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 7,419 shares in the last quarter. Wesbanco Bank Inc. bought a new position in shares of Rambus during the 3rd quarter valued at about $761,000. Finally, GSA Capital Partners LLP boosted its position in shares of Rambus by 523.6% during the 2nd quarter. GSA Capital Partners LLP now owns 137,897 shares of the semiconductor company’s stock valued at $1,576,000 after purchasing an additional 115,784 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.
Rambus (NASDAQ RMBS) traded down $0.12 during mid-day trading on Friday, hitting $14.73. 1,182,563 shares of the company were exchanged, compared to its average volume of 789,080. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37. Rambus has a 1-year low of $11.30 and a 1-year high of $15.50. The firm has a market cap of $1,630.20, a PE ratio of 29.70, a PEG ratio of 2.83 and a beta of 0.75.
Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The business had revenue of $99.10 million for the quarter, compared to analysts’ expectations of $99.00 million. During the same quarter last year, the company earned $0.16 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. analysts expect that Rambus will post 0.52 earnings per share for the current fiscal year.
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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