Rambus, Inc. (RMBS) Issues Q3 Earnings Guidance

Rambus, Inc. (NASDAQ:RMBS) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.14-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.16. The company issued revenue guidance of $96-102 million, compared to the consensus revenue estimate of $98.06 million.

Rambus, Inc. (NASDAQ:RMBS) opened at 12.62 on Friday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 210.33 and a beta of 0.90. The firm has a 50-day moving average of $12.62 and a 200-day moving average of $12.55. Rambus, Inc. has a 52 week low of $11.30 and a 52 week high of $14.50.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings results on Monday, July 24th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Rambus had a return on equity of 9.28% and a net margin of 1.76%. The business had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93 million. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 23.8% compared to the same quarter last year. Equities analysts forecast that Rambus, Inc. will post $0.65 earnings per share for the current year.

A number of research analysts have recently issued reports on the company. Jefferies Group LLC reiterated a hold rating and issued a $13.50 price target on shares of Rambus in a report on Tuesday, April 25th. Zacks Investment Research upgraded Rambus from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Saturday, July 29th. BidaskClub upgraded Rambus from a sell rating to a hold rating in a report on Friday, July 14th. Finally, TheStreet raised Rambus from a c rating to a b- rating in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $15.10.

In other news, SVP Jae Kim sold 42,449 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $12.71, for a total value of $539,526.79. Following the completion of the sale, the senior vice president now owns 120,126 shares of the company’s stock, valued at approximately $1,526,801.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Shrigley sold 5,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $12.98, for a total value of $64,900.00. Following the completion of the sale, the director now directly owns 46,253 shares of the company’s stock, valued at approximately $600,363.94. The disclosure for this sale can be found here. Insiders sold a total of 59,927 shares of company stock valued at $760,522 in the last three months. Insiders own 2.00% of the company’s stock.

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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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