Rambus Inc. (NASDAQ:RMBS – Get Free Report) Director Eric B. Stang sold 5,408 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.95, for a total transaction of $307,985.60. Following the completion of the transaction, the director now owns 32,422 shares in the company, valued at $1,846,432.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Rambus Stock Down 0.7 %
Shares of NASDAQ RMBS traded down $0.37 during midday trading on Wednesday, reaching $55.97. The company had a trading volume of 584,781 shares, compared to its average volume of 1,557,792. The stock has a market cap of $6.03 billion, a PE ratio of 17.12 and a beta of 1.18. Rambus Inc. has a one year low of $46.89 and a one year high of $76.38. The firm’s fifty day moving average price is $59.86 and its 200-day moving average price is $62.48.
Rambus (NASDAQ:RMBS – Get Free Report) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Rambus had a net margin of 78.14% and a return on equity of 16.99%. The company had revenue of $117.90 million during the quarter, compared to the consensus estimate of $132.00 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Rambus Inc. will post 1.63 EPS for the current year.
Hedge Funds Weigh In On Rambus
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on RMBS. Wells Fargo & Company upped their price objective on Rambus from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Rambus in a research report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.75.
View Our Latest Research Report on RMBS
Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.
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