Rambus Inc. (NASDAQ:RMBS) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.80.

RMBS has been the topic of several research analyst reports. ValuEngine cut shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. TheStreet cut shares of Rambus from a “c-” rating to a “d” rating in a research note on Tuesday, October 30th. Deutsche Bank decreased their price target on shares of Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Finally, Roth Capital decreased their price target on shares of Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd.

NASDAQ RMBS traded up $0.03 on Friday, reaching $8.30. The company’s stock had a trading volume of 82,417 shares, compared to its average volume of 900,745. The stock has a market cap of $896.22 million, a P/E ratio of 18.42, a PEG ratio of 1.12 and a beta of 0.61. Rambus has a 52 week low of $7.17 and a 52 week high of $14.61. The company has a quick ratio of 7.91, a current ratio of 8.02 and a debt-to-equity ratio of 0.18.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings data on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.23). The firm had revenue of $59.80 million for the quarter, compared to the consensus estimate of $100.00 million. Rambus had a positive return on equity of 7.78% and a negative net margin of 45.18%. Rambus’s quarterly revenue was down 39.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. Research analysts anticipate that Rambus will post 0.75 earnings per share for the current year.

In related news, SVP Jae Kim sold 7,292 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $8.68, for a total value of $63,294.56. Following the transaction, the senior vice president now directly owns 122,532 shares in the company, valued at $1,063,577.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in RMBS. Federated Investors Inc. PA raised its holdings in shares of Rambus by 57.1% during 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 during the period. Meadow Creek Investment Management LLC raised its holdings in shares of Rambus by 30.9% during the second quarter. Meadow Creek Investment Management LLC now owns 20,272 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 4,788 shares during the period. Bank of America Corp DE raised its holdings in shares of Rambus by 5.8% during the second quarter. Bank of America Corp DE now owns 99,710 shares of the semiconductor company’s stock worth $1,250,000 after acquiring an additional 5,457 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Rambus by 8.2% during the third quarter. Russell Investments Group Ltd. now owns 86,502 shares of the semiconductor company’s stock worth $944,000 after acquiring an additional 6,583 shares during the period. Finally, NumerixS Investment Technologies Inc grew its position in Rambus by 471.4% in the second quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 6,600 shares in the last quarter. Institutional investors and hedge funds 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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