Equities research analysts expect Rambus, Inc. (NASDAQ:RMBS) to report sales of $99.00 million for the current quarter, according to Zacks. Three analysts have provided estimates for Rambus’ earnings, with the lowest sales estimate coming in at $98.99 million and the highest estimate coming in at $99.00 million. Rambus reported sales of $89.86 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The company is scheduled to issue its next quarterly earnings report on Monday, October 23rd.
On average, analysts expect that Rambus will report full year sales of $99.00 million for the current year, with estimates ranging from $391.42 million to $392.10 million. For the next fiscal year, analysts forecast that the business will post sales of $413.83 million per share, with estimates ranging from $406.46 million to $421.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Rambus.
Rambus (NASDAQ:RMBS) last posted its earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $94.70 million during the quarter, compared to analysts’ expectations of $93 million. Rambus had a net margin of 1.76% and a return on equity of 9.28%. Rambus’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS.
RMBS has been the subject of a number of research reports. Jefferies Group LLC reiterated a “hold” rating and set a $13.50 target price on shares of Rambus in a research report on Tuesday, April 25th. TheStreet upgraded shares of Rambus from a “c” rating to a “b-” rating in a research report on Monday, April 24th. Zacks Investment Research lowered shares of Rambus from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. Finally, BidaskClub lowered shares of Rambus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Rambus currently has a consensus rating of “Buy” and an average price target of $15.10.
Rambus (RMBS) traded down 0.62% during mid-day trading on Friday, hitting $12.89. 788,352 shares of the stock were exchanged. The company has a market capitalization of $1.41 billion, a PE ratio of 214.83 and a beta of 0.87. Rambus has a 52 week low of $11.30 and a 52 week high of $14.50. The stock’s 50-day moving average is $12.23 and its 200 day moving average is $12.65.
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In other news, SVP Laura Stark sold 3,644 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $12.06, for a total value of $43,946.64. Following the sale, the senior vice president now directly owns 209,176 shares of the company’s stock, valued at $2,522,662.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 12,830 shares of company stock worth $160,008. Insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Rambus by 17,759.2% in the first quarter. BlackRock Inc. now owns 14,458,840 shares of the semiconductor company’s stock worth $189,990,000 after buying an additional 14,377,880 shares during the last quarter. Norges Bank purchased a new stake in shares of Rambus during the fourth quarter worth about $18,037,000. Primecap Management Co. CA increased its stake in shares of Rambus by 10.1% in the first quarter. Primecap Management Co. CA now owns 9,589,497 shares of the semiconductor company’s stock worth $126,006,000 after buying an additional 881,225 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Rambus by 420.9% in the first quarter. Teachers Advisors LLC now owns 928,813 shares of the semiconductor company’s stock worth $12,205,000 after buying an additional 750,499 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Rambus by 5.5% in the first quarter. Vanguard Group Inc. now owns 9,847,561 shares of the semiconductor company’s stock worth $129,396,000 after buying an additional 513,316 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
About Rambus
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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