Analysts Anticipate Rambus Inc. (NASDAQ:RMBS) Will Post Quarterly Sales of $98.03 Million

Brokerages expect Rambus Inc. (NASDAQ:RMBS) to report $98.03 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Rambus’ earnings, with the lowest sales estimate coming in at $98.00 million and the highest estimate coming in at $98.08 million. Rambus reported sales of $101.98 million in the same quarter last year, which indicates a negative year over year growth rate of 3.9%. The business is expected to report its next earnings report on Monday, January 27th.

On average, analysts expect that Rambus will report full-year sales of $394.12 million for the current year, with estimates ranging from $393.90 million to $394.27 million. For the next fiscal year, analysts forecast that the firm will report sales of $394.89 million, with estimates ranging from $394.70 million to $395.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Rambus.

Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.39). The firm had revenue of $57.40 million during the quarter, compared to analyst estimates of $89.00 million. Rambus had a negative net margin of 20.91% and a negative return on equity of 0.30%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share.

RMBS has been the subject of a number of research analyst reports. ValuEngine lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co boosted their target price on shares of Rambus from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Finally, BidaskClub lowered shares of Rambus from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Rambus has an average rating of “Hold” and an average target price of $13.75.

In other news, SVP Jae Kim sold 3,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $14.08, for a total transaction of $42,240.00. Following the transaction, the senior vice president now owns 134,728 shares in the company, valued at approximately $1,896,970.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric B. Stang sold 37,615 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $14.13, for a total transaction of $531,499.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,048 shares of company stock valued at $1,368,822. Company insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of RMBS. Marshall Wace LLP bought a new position in shares of Rambus during the 1st quarter worth about $46,000. Arizona State Retirement System increased its holdings in shares of Rambus by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 170,682 shares of the semiconductor company’s stock worth $2,055,000 after purchasing an additional 2,468 shares during the period. SG Americas Securities LLC increased its holdings in shares of Rambus by 143.1% during the 2nd quarter. SG Americas Securities LLC now owns 377,559 shares of the semiconductor company’s stock worth $4,546,000 after purchasing an additional 222,251 shares during the period. Aperio Group LLC increased its holdings in shares of Rambus by 20.6% during the 2nd quarter. Aperio Group LLC now owns 32,272 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 5,506 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Rambus by 2.6% during the 2nd quarter. Swiss National Bank now owns 202,900 shares of the semiconductor company’s stock worth $2,443,000 after purchasing an additional 5,100 shares during the period. Institutional investors own 80.25% of the company’s stock.

Rambus stock traded up $0.16 on Friday, reaching $12.74. 350,974 shares of the stock were exchanged, compared to its average volume of 766,030. The stock has a market cap of $1.42 billion, a PE ratio of 16.76, a PEG ratio of 1.79 and a beta of 0.67. The company has a current ratio of 7.43, a quick ratio of 7.32 and a debt-to-equity ratio of 0.16. Rambus has a twelve month low of $7.17 and a twelve month high of $14.83. The firm has a fifty day moving average price of $13.55 and a two-hundred day moving average price of $12.59.

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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