$101.17 Million in Sales Expected for Rambus, Inc. (RMBS) This Quarter

Wall Street brokerages predict that Rambus, Inc. (NASDAQ:RMBS) will post sales of $101.17 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rambus’ earnings, with the lowest sales estimate coming in at $101.00 million and the highest estimate coming in at $101.50 million. Rambus reported sales of $97.56 million in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next earnings results on Monday, January 29th.

On average, analysts expect that Rambus will report full year sales of $101.17 million for the current year, with estimates ranging from $392.20 million to $392.71 million. For the next financial year, analysts anticipate that the business will post sales of $413.51 million per share, with estimates ranging from $410.74 million to $415.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Rambus.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, October 23rd. The semiconductor company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The business had revenue of $99.10 million for the quarter, compared to analyst estimates of $99.00 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis.

A number of research firms recently commented on RMBS. Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, October 27th. TheStreet upgraded shares of Rambus from a “c+” rating to a “b-” rating in a research report on Friday, October 13th. Loop Capital restated a “buy” rating and issued a $19.00 price target (up previously from $16.00) on shares of Rambus in a research report on Tuesday, October 24th. Citigroup lifted their price target on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Rambus has a consensus rating of “Hold” and a consensus target price of $15.98.

In related news, SVP Laura Stark sold 2,937 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $14.48, for a total value of $42,527.76. Following the completion of the transaction, the senior vice president now owns 205,966 shares of the company’s stock, valued at approximately $2,982,387.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric B. Stang sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $14.73, for a total transaction of $73,650.00. Following the completion of the transaction, the director now directly owns 11,792 shares of the company’s stock, valued at approximately $173,696.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,703 shares of company stock worth $374,904. 2.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of RMBS. Schwab Charles Investment Management Inc. boosted its stake in Rambus by 8.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 482,936 shares of the semiconductor company’s stock worth $5,520,000 after purchasing an additional 36,605 shares during the period. Legal & General Group Plc boosted its stake in Rambus by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 216,484 shares of the semiconductor company’s stock worth $2,475,000 after purchasing an additional 23,686 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Rambus by 56.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 37,605 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 13,557 shares during the period. Principal Financial Group Inc. boosted its stake in Rambus by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 863,732 shares of the semiconductor company’s stock worth $9,873,000 after purchasing an additional 5,080 shares during the period. Finally, Swiss National Bank boosted its stake in Rambus by 3.8% in the 2nd quarter. Swiss National Bank now owns 187,800 shares of the semiconductor company’s stock worth $2,147,000 after purchasing an additional 6,900 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Rambus (RMBS) traded down $0.35 during midday trading on Wednesday, hitting $14.21. 831,400 shares of the company were exchanged, compared to its average volume of 781,817. Rambus has a fifty-two week low of $11.30 and a fifty-two week high of $15.50. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1,550.00, a price-to-earnings ratio of 157.89, a PEG ratio of 2.59 and a beta of 0.74.

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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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