Stock analysts at Susquehanna started coverage on shares of Rambus (NASDAQ:RMBS) in a report issued on Thursday, Benzinga reports. The firm set a "positive" rating and a $26.00 price target on the semiconductor company's stock. Susquehanna's target price points to a potential upside of 36.84% from the company's previous close.
RMBS has been the topic of several other reports. Susquehanna Bancshares assumed coverage on shares of Rambus in a research report on Friday, April 30th. They issued a "positive" rating and a $26.00 price target on the stock. Citigroup boosted their target price on shares of Rambus from $17.00 to $24.00 in a report on Monday, January 25th. Credit Suisse Group raised their target price on shares of Rambus from $16.00 to $19.00 and gave the stock a "neutral" rating in a report on Tuesday, February 2nd. Finally, Zacks Investment Research cut Rambus from a "hold" rating to a "sell" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Rambus presently has a consensus rating of "Hold" and an average price target of $21.00.
Shares of NASDAQ:RMBS opened at $19.00 on Thursday. The company has a 50 day moving average of $19.91 and a 200-day moving average of $18.53. The company has a current ratio of 7.98, a quick ratio of 7.82 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.12 billion, a P/E ratio of -52.78, a P/E/G ratio of 1.32 and a beta of 1.05. Rambus has a twelve month low of $13.08 and a twelve month high of $22.30.
Rambus (NASDAQ:RMBS) last announced its earnings results on Monday, May 3rd. The semiconductor company reported ($0.02) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.28 by ($0.30). Rambus had a negative return on equity of 3.28% and a negative net margin of 17.06%. The firm had revenue of $105.00 million for the quarter, compared to the consensus estimate of $103.01 million. During the same period in the previous year, the firm earned $0.32 EPS. Rambus's revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts forecast that Rambus will post 1 EPS for the current year.
In other Rambus news, insider Keith A. Jones sold 10,432 shares of the stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $19.85, for a total value of $207,075.20. Following the completion of the sale, the insider now owns 56,180 shares in the company, valued at approximately $1,115,173. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.
Institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new position in Rambus in the fourth quarter worth approximately $30,000. Avion Wealth bought a new position in shares of Rambus during the 4th quarter valued at $35,000. Marshall Wace LLP bought a new position in shares of Rambus during the 1st quarter valued at $46,000. HHM Wealth Advisors LLC acquired a new stake in shares of Rambus in the 4th quarter valued at $61,000. Finally, Perigon Wealth Management LLC bought a new stake in Rambus in the fourth quarter worth $64,000. Institutional investors and hedge funds own 81.96% of the company's stock.
Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, Asia, and internationally. The company offers DDR memory interface chips to module manufacturers and OEMs; physical interface and companion digital controller IPs for SoC designers; and portfolio of patents that covers memory architecture, high-speed serial links, and security products.
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