Equities analysts expect that Rambus Inc. (NASDAQ:RMBS) will post sales of $98.03 million for the current quarter, according to Zacks. Three analysts have issued estimates for Rambus’ earnings, with the highest sales estimate coming in at $98.08 million and the lowest estimate coming in at $98.00 million. Rambus posted sales of $101.98 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.9%. The firm is scheduled to announce its next quarterly 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 year, analysts anticipate that the business will post sales of $394.89 million, with estimates ranging from $394.70 million to $395.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Rambus.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.39). Rambus had a negative net margin of 20.91% and a negative return on equity of 0.30%. The firm had revenue of $57.40 million for the quarter, compared to the consensus estimate of $89.00 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis.
Shares of RMBS stock traded up $0.16 during trading hours on Friday, hitting $12.74. The company had a trading volume of 350,974 shares, compared to its average volume of 766,030. Rambus has a 12 month low of $7.17 and a 12 month high of $14.83. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.79 and a beta of 0.67. The firm’s fifty day moving average is $13.55 and its 200 day moving average is $12.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.32 and a current ratio of 7.43.
In other news, 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 value of $29,861.00. Following the transaction, the senior vice president now directly owns 134,025 shares of the company’s stock, valued at approximately $1,742,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric B. Stang sold 37,615 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $14.13, for a total value of $531,499.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,048 shares of company stock worth $1,368,822. Corporate insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of 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 acquiring an additional 62,251 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Rambus by 7.4% in 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 in the last quarter. Morgan Stanley boosted its holdings in shares of Rambus by 4,124.8% in the 2nd quarter. Morgan Stanley now owns 1,180,656 shares of the semiconductor company’s stock worth $14,215,000 after acquiring an additional 1,152,710 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Rambus by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 280,724 shares of the semiconductor company’s stock worth $3,380,000 after acquiring an additional 10,432 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Rambus in the 2nd quarter worth approximately $2,468,000. 80.25% of the stock is currently owned by institutional investors and hedge funds.
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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