In yesterday’s Wall Street session, Rambus Inc. (NASDAQ:RMBS) shares traded at $64.89, up 5.68% from the previous session.
7 analysts cover Rambus Inc. (NASDAQ:RMBS), according to research data. The consensus rating among analysts is ‘Buy’. RMBS stock price is now 11.03% away from the 50-day moving average and 47.63% away from the 200-day moving average. The market capitalization of the company currently stands at $7.10B.
The stock has received a hold rating from 1 analysts and a buy rating from 6.
In other news, Seraphin Luc, President and CEO sold 4,556 shares of the company’s stock on May 15. The stock was sold for $225,017 at an average price of $49.39. Upon completion of the transaction, the President and CEO now directly owns 255,332 shares in the company, valued at $16.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, President and CEO Seraphin Luc sold 12,500 shares of the business’s stock. A total of $599,752 was realized by selling the stock at an average price of $47.98. This leaves the insider owning 255,414 shares of the company worth $16.57 million. Insiders disposed of 556,030 shares of company stock worth roughly $36.08 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RMBS stock. A new stake in Rambus Inc. shares was purchased by WHALE ROCK CAPITAL MANAGEMENT LLC during the first quarter worth $49,542,000. FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. invested $47,845,000 in shares of RMBS during the first quarter. In the first quarter, CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG acquired a new stake in Rambus Inc. valued at approximately $17,696,000. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC acquired a new stake in RMBS for approximately $16,989,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in RMBS valued at around $9,684,000 in the second quarter. In total, there are 441 active investors with 90.20% ownership of the company’s stock.
On Thursday morning Rambus Inc. (NASDAQ: RMBS) stock kicked off with the opening price of $61.76. During the past 12 months, Rambus Inc. has had a low of $20.78 and a high of $68.54. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.10, and a quick ratio of 4.90. According to the stock market information, the enterprise value for the company is $6.80B, which is based on a 130.56 price-to-earnings ratio, a 11.12 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for RMBS is $58.83 and a two-hundred day moving average price translates $44.16 for the stock.
The latest earnings results from Rambus Inc. (NASDAQ: RMBS) was released for Mar, 2023. According to the Semiconductors Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.42 by 0.02. This compares to -$0.60 EPS in the same period last year. The net profit margin was 11.80% and return on equity was 7.10% for RMBS. The company reported revenue of $113.76 million for the quarter, compared to $99.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.85 percent. For the current quarter, analysts expect RMBS to generate $133.2M in revenue.
Rambus Inc.(RMBS) Company Profile
Rambus Inc. provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and physical interface and digital controller IP to offer industry-leading, integrated memory, and interconnect subsystems. It also provides a portfolios of security IP solutions, including crypto cores, hardware roots of trust, high-speed protocol engines, and chip provisioning technologies; and portfolio of patents that covers memory architecture, high-speed serial links, and security products. The company markets its products and services through its direct sales force and distributors. Rambus Inc. was incorporated in 1990 and is headquartered in San Jose, California.
