$0.13 EPS Expected for Rambus Inc. (RMBS)

September 29, 2017 - By Michael Collier


Investors sentiment is 1.49 in Q2 2017. Its the same as in 2017Q1. It is the same, as 15 investors sold Rambus Inc. shares while 38 reduced holdings. only 21 funds opened positions while 58 raised stakes. 82.79 million shares or 5.29% less from 87.42 million shares in 2017Q1 were reported.
Stevens Mgmt Lp invested 0.01% in Rambus Inc. (NASDAQ:RMBS). Moreover, Price T Rowe Assocs Inc Md has 0.01% invested in Rambus Inc. (NASDAQ:RMBS) for 4.42M shares. 187,800 were accumulated by Swiss Commercial Bank. Gemmer Asset Mgmt Limited owns 552 shares. Trexquant Invest Ltd Partnership reported 12,000 shares or 0.04% of all its holdings. Fifth Third Bank owns 0% invested in Rambus Inc. (NASDAQ:RMBS) for 53 shares. Capstone Asset Mgmt Com stated it has 0.01% of its portfolio in Rambus Inc. (NASDAQ:RMBS). Retail Bank Of America De owns 306,301 shares. Utd Svcs Automobile Association has invested 0.02% in Rambus Inc. (NASDAQ:RMBS). Wells Fargo & Mn has invested 0% in Rambus Inc. (NASDAQ:RMBS). Guggenheim Cap Lc holds 0% in Rambus Inc. (NASDAQ:RMBS) or 129,263 shares. Ls Invest Advsrs Ltd holds 0.01% or 7,648 shares. State Of Alaska Department Of Revenue has invested 0.02% in Rambus Inc. (NASDAQ:RMBS). Public Sector Pension Investment Board holds 0.01% in Rambus Inc. (NASDAQ:RMBS) or 57,400 shares. Piedmont Limited Liability Com stated it has 24,158 shares.

Since April 28, 2017, it had 0 insider buys, and 3 sales for $262,515 activity. 5,000 Rambus Inc. (NASDAQ:RMBS) shares with value of $63,750 were sold by SHRIGLEY DAVID A. 12,750 shares were sold by BLACK RONALD D, worth $154,818. On Monday, June 12 STARK LAURA sold $43,947 worth of Rambus Inc. (NASDAQ:RMBS) or 3,644 shares.

Analysts await Rambus Inc. (NASDAQ:RMBS) to report earnings on October, 23. They expect $0.13 earnings per share, up 8.33 % or $0.01 from last year’s $0.12 per share. RMBS’s profit will be $14.25M for 25.96 P/E if the $0.13 EPS becomes a reality. After $0.10 actual earnings per share reported by Rambus Inc. for the previous quarter, Wall Street now forecasts 30.00 % EPS growth. The stock increased 1.20% or $0.16 during the last trading session, reaching $13.5. About 534,705 shares traded. Rambus Inc. (NASDAQ:RMBS) has risen 7.57% since September 29, 2016 and is uptrending. It has underperformed by 9.13% the S&P500.

Rambus Inc. (NASDAQ:RMBS) Ratings Coverage

Among 9 analysts covering Rambus Inc (NASDAQ:RMBS), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Rambus Inc had 22 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Wunderlich on Friday, June 3. The company was downgraded on Friday, September 22 by JP Morgan. The rating was maintained by Citigroup on Wednesday, October 21 with “Buy”. JP Morgan upgraded the stock to “Overweight” rating in Thursday, February 9 report. As per Tuesday, March 7, the company rating was maintained by JP Morgan. On Saturday, August 22 the stock rating was upgraded by Zacks to “Sell”. The firm has “Buy” rating by Sidoti given on Thursday, September 17. The rating was downgraded by Zacks to “Hold” on Thursday, August 27. The firm has “Buy” rating given on Tuesday, December 6 by Loop Capital. The company was initiated on Thursday, September 1 by Roth Capital.

Rambus Inc. produces hardware and software technologies. The company has market cap of $1.48 billion. The Company’s divisions 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. It has a 233.6 P/E ratio.

More recent Rambus Inc. (NASDAQ:RMBS) news were published by: Streetinsider.com which released: “JPMorgan Downgrades Rambus Inc. (RMBS) to Neutral” on September 22, 2017. Also Businesswire.com published the news titled: “Rambus Announces Industry’s First Functional Silicon of Server DIMM Buffer …” on September 20, 2017. Bloomberg.com‘s news article titled: “Chip Firm Rambus Is Working With an Adviser to Pursue a Sale” with publication date: July 07, 2017 was also an interesting one.

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