Rambus Inc. Forecasted to Earn Q1 2020 Earnings of $0.16 Per Share (NASDAQ:RMBS)

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Rambus Inc. (NASDAQ:RMBS) – Stock analysts at Jefferies Financial Group lowered their Q1 2020 EPS estimates for shares of Rambus in a report issued on Tuesday, November 5th. Jefferies Financial Group analyst M. Lipacis now expects that the semiconductor company will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.18. Jefferies Financial Group also issued estimates for Rambus’ Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $0.75 EPS.

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

Other equities research analysts have also issued research reports about the company. Wells Fargo & Co upped their target price on Rambus from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. BidaskClub upgraded Rambus from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup upped their target price on Rambus from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, ValuEngine lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Rambus has an average rating of “Buy” and an average price target of $13.75.

NASDAQ:RMBS opened at $13.91 on Friday. Rambus has a twelve month low of $7.17 and a twelve month high of $14.83. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.95 and a beta of 0.71. The company has a current ratio of 7.43, a quick ratio of 7.48 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $13.44 and a 200-day simple moving average of $12.37.

Institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Rambus in the 2nd quarter worth approximately $37,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Rambus in the 2nd quarter worth approximately $43,000. Marshall Wace LLP purchased a new stake in Rambus in the 1st quarter worth approximately $46,000. Tower Research Capital LLC TRC boosted its position in Rambus by 428.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,961 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 3,211 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Rambus during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

In other Rambus news, SVP Jae Kim sold 2,297 shares of the company’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 sale, the senior vice president now owns 134,025 shares in the company, valued at approximately $1,742,325. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Luc Seraphin sold 29,855 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $13.99, for a total value of $417,671.45. Following the completion of the sale, the chief executive officer now owns 231,097 shares in the company, valued at approximately $3,233,047.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,183 shares of company stock worth $846,644. 1.00% of the stock is owned by insiders.

About Rambus

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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Earnings History and Estimates for Rambus (NASDAQ:RMBS)

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