Rambus Inc. (NASDAQ:RMBS) Receives Average Recommendation of “Hold” from Analysts

Rambus Inc. (NASDAQ:RMBS) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.00.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Rambus from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. ValuEngine downgraded Rambus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co raised their price objective on Rambus from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th.

In related news, Director Eric B. Stang sold 37,615 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $14.13, for a total value of $531,499.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jae Kim sold 2,297 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.00, for a total transaction of $29,861.00. Following the completion of the transaction, the senior vice president now owns 134,025 shares of the company’s stock, valued at $1,742,325. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,048 shares of company stock worth $1,368,822. 1.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System raised its position in Rambus by 37.3% in the 3rd quarter. California Public Employees Retirement System now owns 228,947 shares of the semiconductor company’s stock worth $3,005,000 after buying an additional 62,251 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rambus by 7.4% during the 3rd quarter. Rhumbline Advisers now owns 357,672 shares of the semiconductor company’s stock worth $4,694,000 after acquiring an additional 24,615 shares during the last quarter. Morgan Stanley grew its position in shares of Rambus by 4,124.8% during the 2nd quarter. Morgan Stanley now owns 1,180,656 shares of the semiconductor company’s stock valued at $14,215,000 after acquiring an additional 1,152,710 shares during the period. Bank of Montreal Can grew its position in shares of Rambus by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 280,724 shares of the semiconductor company’s stock valued at $3,380,000 after acquiring an additional 10,432 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Rambus in the 2nd quarter worth $2,468,000. Institutional investors and hedge funds own 80.25% of the company’s stock.

NASDAQ:RMBS traded up $0.26 during midday trading on Friday, reaching $12.84. 17,039 shares of the stock traded hands, compared to its average volume of 542,209. The company has a fifty day moving average of $13.55 and a 200 day moving average of $12.59. Rambus has a 12 month low of $7.17 and a 12 month high of $14.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.32 and a current ratio of 7.43. The stock has a market capitalization of $1.45 billion, a P/E ratio of 16.88, a PEG ratio of 1.79 and a beta of 0.67.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.39). The company had revenue of $57.40 million during the quarter, compared to the consensus estimate of $89.00 million. Rambus had a negative return on equity of 0.30% and a negative net margin of 20.91%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. On average, analysts predict that Rambus will post 0.73 EPS for the current fiscal year.

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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