News stories about Rambus (NASDAQ:RMBS) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rambus earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.3087590656341 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Several equities analysts recently issued reports on RMBS shares. Loop Capital reissued a “buy” rating and set a $16.00 price objective on shares of Rambus in a report on Tuesday, August 22nd. BidaskClub raised shares of Rambus from a “strong sell” rating to a “sell” rating in a report on Saturday, July 8th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price objective (up from $13.50) on shares of Rambus in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Rambus from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, TheStreet lowered shares of Rambus from a “b-” rating to a “c+” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.63.
Rambus (RMBS) traded up 1.75% during trading on Friday, reaching $13.38. 1,926,433 shares of the company’s stock traded hands. The company has a 50 day moving average price of $12.87 and a 200-day moving average price of $12.59. The company has a market cap of $1.46 billion, a PE ratio of 223.00 and a beta of 0.91. Rambus has a 12-month low of $11.30 and a 12-month high of $14.39.
Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, July 24th. The semiconductor company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Rambus had a net margin of 1.76% and a return on equity of 9.28%. The company had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, equities research analysts forecast that Rambus will post $0.65 EPS for the current fiscal year.
In other Rambus news, SVP Jae Kim sold 42,449 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $12.71, for a total value of $539,526.79. Following the sale, the senior vice president now directly owns 120,126 shares of the company’s stock, valued at approximately $1,526,801.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Laura Stark sold 3,491 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $12.90, for a total transaction of $45,033.90. Following the completion of the sale, the senior vice president now directly owns 208,474 shares in the company, valued at $2,689,314.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,348 shares of company stock worth $769,258. Insiders own 2.00% of the company’s stock.
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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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