Rambus (RMBS) Earning Somewhat Favorable Press Coverage, Report Shows
News headlines about Rambus (NASDAQ:RMBS) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rambus earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.4193493677776 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Rambus (NASDAQ RMBS) traded up 2.18% during mid-day trading on Monday, hitting $13.15. 219,396 shares of the company’s stock were exchanged. Rambus has a 52 week low of $11.30 and a 52 week high of $14.39. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 219.17 and a beta of 0.91. The firm has a 50 day moving average price of $12.84 and a 200-day moving average price of $12.56.
Rambus (NASDAQ:RMBS) last posted its quarterly earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The firm had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The business’s revenue was up 23.8% compared to the same quarter last year. On average, equities analysts anticipate that Rambus will post $0.65 EPS for the current year.
A number of analysts have weighed in on RMBS shares. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Saturday, August 26th. Loop Capital reissued a “buy” rating and set a $16.00 target price on shares of Rambus in a report on Tuesday, August 22nd. TheStreet cut shares of Rambus from a “b-” rating to a “c+” rating in a report on Friday, June 16th. BidaskClub raised shares of Rambus from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $14.00 target price (up from $13.50) on shares of Rambus in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.63.
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In other Rambus news, SVP Jae Kim sold 42,449 shares of Rambus stock in a transaction on Friday, August 4th. The shares were sold at an average price of $12.71, for a total transaction of $539,526.79. Following the sale, the senior vice president now owns 120,126 shares in the company, valued at $1,526,801.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Laura Stark sold 3,491 shares of Rambus stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $12.90, for a total transaction of $45,033.90. Following the sale, the senior vice president now owns 208,474 shares in the company, valued at approximately $2,689,314.60. The disclosure for this sale can be found here. Insiders have sold 56,283 shares of company stock worth $716,576 in the last quarter. Corporate insiders own 2.00% of the company’s stock.
Rambus Company Profile
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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